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PH
Phoenix Asia Holdings Limited Ordinary Shares
PHOE
Mkt Cap
$374.2M
Volume
2.95K
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PH
PHOE
PH
Phoenix Asia Holdings Limited Ordinary Shares
PHOE
News
·
Phoenix Asia Holdings (PHOE) Stock Surges Over 47% After Hours: Here's Why
Mkt Cap
$351.2M
Volume
2.95K
Next Earnings
N/A
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Phoenix Asia Holdings (PHOE) Stock Surges Over 47% After Hours: Here's Why
Phoenix Asia Holdings announced a $1 billion stock acquisition agreement to acquire clinical-stage pharmaceutical firm ACEA Pharma Inc., marking a strategic pivot from construction into oncology and autoimmune drug development. The stock surged 47.43% in after-hours trading to $28.10, though it closed the regular session down 33.36% at $19.06. The deal requires Hart-Scott-Rodino antitrust clearance and Nasdaq review, with closing expected in Q2 2026.
Benzinga · May 8, 2026
Why Is Phoenix Asia Stock Gaining Today?
Phoenix Asia Holdings (NASDAQ: PHOE) stock gained 0.19% on Thursday following the announcement of a $1 billion acquisition agreement to purchase 100% of ACEA Pharma, Inc. through the issuance of 100 million shares at $10 each. The deal is expected to close by end of Q2 2026 and marks the company's expansion into the pharmaceutical sector while maintaining its core construction operations in Hong Kong.
Benzinga · May 7, 2026
Scilex Holding Company Announces Its Subsidiaries, ACEA Therapeutics, Inc. and ACEA Pharma, Inc., Entered into a Definitive Agreement with Phoenix Asia Holdings Limited
Scilex Holding Company announced that its subsidiaries ACEA Therapeutics and ACEA Pharma entered into a definitive agreement to sell 100% of ACEA Pharma's equity to Phoenix Asia Holdings Limited for $1 billion in newly-issued shares. Upon closing, Phoenix will be renamed ACEA Pharma and listed on Nasdaq, with ACEA Thera retaining approximately 82% ownership. The transaction is expected to close by end of Q2 2026, subject to regulatory and stock exchange approvals.
GlobeNewswire Inc. · May 5, 2026
Scilex Holding Company Announces Its Subsidiaries, ACEA Therapeutics, Inc. and ACEA Pharma, Inc., Entered into a Definitive Agreement with Phoenix Asia Holdings Limited
Scilex Holding Company's subsidiaries ACEA Therapeutics and ACEA Pharma have entered into a definitive stock acquisition agreement with Phoenix Asia Holdings Limited. Under the deal, ACEA will transfer 100% of ACEA Pharma's equity to Phoenix in exchange for 100 million newly-issued ordinary shares at $10 per share, valuing the transaction at $1 billion. Upon closing, Phoenix will be renamed ACEA Pharma, Inc. and its stock is expected to list on Nasdaq. The transaction is expected to close by end of Q2 2026, subject to regulatory approvals.
Benzinga · May 5, 2026
The 33rd China Cycle 2025 Grandly Commence
The 33rd China Cycle Expo 2025 opened in Shanghai, showcasing the latest innovations and trends in the global cycling industry. The event featured leading brands, new technologies, and a focus on industry transformation and upgrading.
GlobeNewswire Inc. · May 6, 2025
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Phoenix Asia Holdings Limited Ordinary Shares
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