Stock Movement | Mao Ji Gui Cong Continues to Rally, Surging Over 100% in Half Day Trading

SighingCashier · 2026-03-16T04:46:16+00:00

Mao Kee Keung Chung Holdings' controlling stake has changed hands, with the stock price surging significantly after resumption of trading. Today's midday trading reached 3.75 yuan, representing a gain of 126%. Acquirer Xiaojun Legend purchased 65% of shares for approximately 122.2 million yuan, with a per-share price of approximately 0.6963 yuan, and plans to maintain the company's listed status.

SighingCashier

2026-03-16 04:46:16

Abstract generation in progress

Mao Ji Kwai Chung (01716) changes ownership. After resuming trading last Friday, the stock price surged, closing up 37%. This morning, the rally continued, with a half-day high of 1.55 times, reaching a peak of HKD 4.24.

The stock closed at HKD 3.75 in the half-day session, up 1.26 times, with a trading volume of HKD 166 million.

Last week, the company announced that the offeror, Jiu Jun Legend, would acquire 175.5 million shares of the company from Blackpaper Limited at a total cash consideration of HKD 122.2 million, representing 65% of the company’s issued share capital, at approximately HKD 0.6963 per share.

According to Rule 26.1 of the Takeovers Code, the offeror is required to make a mandatory unconditional cash offer, with an offer price of HKD 0.6963 per share. If all shares are accepted, the total consideration will be HKD 65.5804 million. The offeror plans to maintain the company’s listing on the Stock Exchange after the offer concludes.

Blackpaper is held equally by the company’s chairman, Yao Jiahao (A Bu), and executive director, Lu Jiajun (Chen Qiang). Jiu Jun Legend is owned by Ma Liyang, who is the chairman of Shenzhen-listed ST Jinglan Technology (000711.SZ), and has expressed interest in continuing to operate Mao Ji’s existing business.

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