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TRIO IND ELEC Narrows Losses After Once Crashing 88% on Trading Resumption; LUXSHARE ICT In Talks to Acquire 75% Stake
2026-10-05 11:08:46 TRIO IND ELEC (01710.HK) resumed trading this morning (5th). After opening slightly higher by 0.49% and reaching an intraday high of HKD2.07, the stock once plunged 87.9% in early trading to bottom at HKD0.25. The decline later narrowed notably. The stock last traded at HKD1.64, down 20.39%, with turnover of 11.848 million shares involving HKD19.1765 million. TRIO IND ELEC announced that it was informed on 29 September that Trio Industrial Electronics Holding entered into a non-legally binding memorandum of understanding with a subsidiary of LUXSHARE ICT (02475.HK) regarding a possible acquisition of a 75% stake in the company. If the potential transaction materializes and proceeds to completion, it will lead to a change in control of the company and trigger a mandatory general offer under Rule 26.1 of the Takeovers Code. At the company's request, trading in its shares was suspended from 30 September. The company has applied for resumption of trading from 9:00 am today (5 October). ~ AASTOCKS Financial News Website: www.aastocks.com | |