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FUTONG TECH Chairman Signs MOU with Potential Buyer for Possible Sale of 187M Shares; Trading Resumes PM, Shrs Once Surge 74%
FUTONG TECH (00465.HK) announced that the Company has noted the recent unusual movements in the price and trading volume of the Company’s shares. The Company was informed by ...
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FUTONG TECH Chairman Signs MOU with Potential Buyer for Possible Sale of 187M Shares; Trading Resumes PM, Shrs Once Surge 74%
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FUTONG TECH (00465.HK)  +1.210 (+24.644%)   announced that the Company has noted the recent unusual movements in the price and trading volume of the Company’s shares. The Company was informed by Chen Jian, the Chairman of the Board and an executive Director, that on 2 April 2026, he entered into a memorandum of understanding (MOU) with an independent third party as purchaser in respect of a possible sale and purchase of 187 million shares in the Company (representing approximately 60.21% of the total issued share capital of the Company at the moment), which, if materialized, may lead to a change in control of the Company and a mandatory general offer under the Takeovers Code for all the issued shares of the Company.

The trading in the stock resumed in the afternoon and once surged 74.1% to a peak of HKD3.9. It last quoted at HKD2.65, up 18.3%, with a turnover of 6.484 million shares, involving HKD19.7652 million.
(HK stocks quote is delayed for at least 15 mins.)

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