HK Stock Market Move | CA CULTURAL (01566) surged nearly 300% as creditors' plan comes into effect and meets all resumption guidelines.

CA CULTURAL (01566) resumed trading today, soaring nearly 300%. As of the time of this report, the stock is up 278.43%, priced at HKD 1.93, with a trading volume of HKD 45.6841 million. On the news front, on the evening of August 14, CA CULTURAL announced that it has met all the resumption guidance stipulated in the resumption guidance and has obtained confirmation from the Stock Exchange. The group has been suspended from trading since November 21, 2024, and has applied to the Stock Exchange for the resumption of trading starting at 9:00 AM today, given that all resumption criteria have been met. In addition, the group and KYOSEI-BANK CO., LTD. jointly announced that the subscription agreement and creditor plan have come into effect. The board confirmed that at least 25% of the total issued share capital is held by the public, thereby meeting the minimum public shareholding requirement as stipulated by the listing rules.