LFG Investment (HKG:3938) said it could become the subject of a mandatory takeover offer after a change in its ownership, according to a Hong Kong bourse filing Friday.
Shares of the corporate finance advisory service provider soared over 120% in late morning trade Monday.
The firm stated that its chief executive, Gary Mui, in December 2025, agreed to sell his roughly 299.5 million shares, or 61.43% of the company, to Fortune Origin International Capital for HK$0.60 apiece, valuing the stake at HK$179.7 million.
Under Hong Kong's takeover laws, Fortune Origin is required to make a mandatory offer for the rest of the business. The implied value of the offer is approximately HK$118.8 million.
The firm said it formed an independent board committee to advise shareholders on the matter.

