Golden Throat shares rise

Golden Throat (6896) jumped over 16 percent Friday afternoon after it announced yesterday that Affirma Capital whose founding partner Gilbert Zeng is the vice-chairman of the company, proposed to take it private at HK$2.8 per share.

The price was 25.6 percent higher than the closing price on August 5 of HK$2.22.

The proposal will involve making an offer to cancel 1.89 billion shares. The total amount of cash required to implement the proposal in full would be around HK$529.95 million.

Standard Chartered has been appointed as a financial adviser.

On August 5, the company halted trading. The trading resumes on Friday morning.