GENES TECH Soars Over 80% Upon Resumption as Privatization Offer at 87% Premium Emerges

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GENES TECH Soars Over 80% Upon Resumption as Privatization Offer at 87% Premium Emerges

Deep News2025-11-17

GENES TECH (08257) surged more than 80% upon trading resumption. At the time of writing, the stock was up 77.09% to HK$0.232, with a turnover of HK$2.2962 million.

The company announced that offeror Watlow Electric Manufacturing Company proposed to privatize GENES TECH via a scheme of arrangement, involving the cancellation of all scheme shares. The cash cancellation price of HK$0.245 per share represents an approximately 87% premium over the last closing price of HK$0.131 before the trading halt. Upon implementation of the scheme, the company will apply for delisting from the Hong Kong Stock Exchange.

The offeror and its concert parties include Yang Mingxiang, Taiyi Investment Enterprise, Wei Hongli, Lin Yanbo, and Fan Qiangsheng. Watlow is a world-class industrial technology group specializing in advanced thermal systems for demanding industrial applications.

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