Longling Capital, under Cai Wensheng, acquires a 34.96% stake in China Financial Leasing at a premium.

According to CaiLian Press, Longling Capital, owned by Meitu founder Cai Wensheng, acquired a 34.96% stake in China Financial Leasing at a premium, triggering a mandatory general offer. It plans to acquire all shares at HK$0.38 per share in cash, a 13.43% premium over the closing price before the trading halt, involving approximately HK$85.74 million. Stimulated by the news, China Financial Leasing's stock price once soared nearly 4 times during the session. Cai Wensheng stated that he plans to build the company into an asset management platform, focusing on Hong Kong technology incubation companies, and increase investment in AI, Web3, and digital asset financial products. [Wu Shuo]