Cai Wensheng, through Longling Capital, has acquired a 34.96% stake in China Financial Leasing (02312.HK) for HK$46.08 million, triggering a mandatory general offer. The share price surged 311.94% to HK$1.38 following the announcement. Longling Capital plans a general offer at HK$0.38 per share, a 13.43% premium over the pre-suspension price, with a total investment of approximately HK$85.74 million. Cai Wensheng aims to transform the company into an asset management platform focusing on artificial intelligence, Web3, and digital asset financial products. The goal is to develop it into an internationally influential investment holding group.