Huafeng Group Holdings (HKG:0364) announced that it is negotiating with connected parties and independent third parties on possible acquisition and in talk with convertible bondholders on possible extension of the maturity of convertible bonds. No agreement has been signed for the said possible transactions.

The company noted the recent increase in the trading price of its shares but it was not aware of any reasons for such increase. The stock is now trading at HK$0.188, up 18.239%.