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The Hong Kong Stock Exchange witnessed a volatile session with Shuanghua Holdings recording a staggering 68.54% jump, while other stocks like Sheen Tai Holdings and Transtech Optelecom followed suit with substantial gains.
Hong Kong's stock market observed sharp fluctuations today as Hands Form Holdings Ltd soared +33.96%, while Janco Holdings Ltd and China Rongzhong Fin Holdings Co Ltd faced heavy declines.
Shanghai Fosun Pharmaceutical has approved the repurchase and cancellation of over 1 million restricted shares for approximately 22.8 million yuan. The move will reduce the company's issued share capital to 2,671,326,465 shares and its registered capital by 1.1 million yuan.
Mainland Headwear Holdings’ subsidiary sharp assets is set to acquire a 55% stake in Dutch design company difuzed for €5 million.
Under the terms of the new agreement, the parties have adjusted the acquisition details, reducing the equity interests to be acquired from 49% to 42.33% and the payment amount from 1.13 billion yuan to 975.7 million yuan.