Tokyo Central Auction's change of ownership has resumed trading with a significant increase of 100%, while its trading partner, Ruihe Shuzhidu, has also risen by more than 50%.
The Tokyo Central Auction announced that 74.99% of its shares changed hands, and its stock price soared to 3.18 yuan, reaching 1.12 times its previous price upon resuming trading this morning. Trading partner Ruihe Digital Intelligence also saw a more than 50% increase. According to the announcement, ESSA FINANCIAL GROUP LTD, Ruihe Digital Intelligence, and two other buyers purchased about 74.99% of the company's shares for approximately 165 million yuan from the chairman of the board and controlling shareholder, Ando Shokukei. Of the buyers, ESSA proposed a mandatory unconditional cash offer of 0.44 yuan per share, a significant discount of 70.67% from the previous price of 1.5 yuan before the trading halt. The total value of the share offer is about 55.01 million Hong Kong dollars. The sole director of ESSA is Huang Shikun, acquiring approximately 65.99% of the shares of the Tokyo Central Auction, while Ruihe Digital Intelligence acquired 3%, and Li Jiefeng and Zheng Haoran each acquired 3%. Huang Shikun is the chairman of the Shenzhen Jinyafu Holding Group, which is mainly engaged in the gold and jewelry industry chain.
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