HK Stock Market Move | CENT UNIT HLDG (01959) rose more than 15% in the afternoon. The company achieved entry by MOG DIGITECH (01942) director Mo Mingdong.

CENT UNIT HLDG (01959) rose more than 15% in the afternoon, up 9.09% at the time of writing, to HK$3.12, with a turnover of HK$10.7634 million. On the news front, CENT UNIT HLDG recently announced that Chairman Lo Hou Kit has sold 71.12% equity, involving 376.9 million shares, for a total consideration of approximately HK$153 million. After completion, the offeror must make a mandatory general offer, with a cash price of HK$0.94 per share, representing a discount of 66.78% to the closing price before the suspension of trading. The offeror is held by MOG DIGITECH (01942) executive director Mo Ming Dong, who owns 99% of the shares. After the deadline, it intends to maintain its listing status as a shareholder.