Shares of MOST KWAI CHUNG (01716) surged more than 70%, doubling in price since trading resumed on March 13. At the time of writing, the stock was up 71.69%, trading at HK$2.85 with a turnover of HK$60.78 million. The significant price movement follows the company's recent announcement that its former controlling shareholder, Blackpaper Limited, has sold a 65% stake, equivalent to 175.5 million shares, to independent third party Dr. Ma Liyang for a total consideration of HK$122 million. The sale price translates to HK$0.6963 per share. As a result of the transaction, the buyer is required to make a mandatory general offer for the remaining shares at the same cash price of HK$0.6963 per share, which represents a 42.45% discount to the last closing price before the trading halt. The offeror intends to maintain the company's listing status upon completion of the deal.