HK's foundation work group LEAP hits 3-1/2-month high on change of control

Okg Technology Holdings

24/01/2019 02:30

** Shares of LEAP Holdings Group Ltd  1499.HK  surge as much
as 74.4 pct to HK$0.68, the highest since Oct. 9, after the
foundation works and ancillary services provider says its
controlling shareholder Right Star Investment Development Ltd
sells its entire stake in the company
    ** The stock later trims gains to HK$0.56, still up 43.6 pct
    ** Co, which listed in September 2015, says its controlling
shareholder has sold its entire 60.49 pct stake to a third party
OKC Holdings Corp for HK$483.9 mln ($61.68 mln)  urn:newsml:reuters.com:*:nFWN1ZN0LV
    ** OKC, which is controlled by blockchain technology
businessman Xu Mingxing, makes a general cash offer for all
outstanding shares it does not already own at HK$0.1585 each
    ** OKC may look into rationalisation, divestment, fund
raising, diversification and restructuring of the company's
business, and will maintain listing on the stock exchange
    ** The Hong Kong Hang Seng Commerce & Industry Index  .HSNC 
edges down 0.1 pct

($1 = 7.8447 Hong Kong dollars)

 (Reuters Messaging: donny.kwok.thomsonreuters.com@reuters.net)