Contacted for acquisition, share price of Seapower once surges by 20%

Share price of Seapower Resources International (0269) once soared by 20% this morning to HK$0.132 over the news that the company was contacted for acquisition of three properties by two independent investors.

Actually, the three properties have been mortagaged. The company still owns bank creditor HK$475mln. If the company can cash the three properties successfully, it is expected to weigh down some financial pressure.

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