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Hong Kong stock market news | Gapack (00468) surged more than 4% in the afternoon. The State Administration for Market Regulation does not prohibit Shandong Xinfeng from acquiring the equity of Gapack.
gapack (00468) rose more than 4% in the afternoon, as of the time of writing, it has increased by 3.86%, priced at 2.42 Hong Kong dollars, with a transaction volume of 10.9843 million Hong Kong dollars.
gapack (00468.HK): The State Administration for Market Regulation does not prohibit Shandong Xinjufeng from acquiring company shares.
Gapack (00468.HK) announced that it has received a notice from the Market Supervision Administration that, in accordance with Article 31 of China's Anti-Monopoly Law, after review, it has decided not to prohibit the acquisition of shares in Shandong Xin Jufeng by the company; and from today, the operation between the company and Shandong Xin Jufeng can be implemented in a centralized manner.
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