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- $24.9MMarket Cap
- 316.67%1-Year Change
- Engineering & ConstructionIndustry
PHOENIX ASIA (PHOE)
Key Performance
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- Momentum Score: N/A
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Latest Research & News
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.
05/08/2026, 12:27 AM • Benzinga
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.
05/07/2026, 12:05 PM • Benzinga
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.
05/05/2026, 1:00 PM • GlobeNewswire
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.
05/05/2026, 1:00 PM • Benzinga
Peers
Statistics
MoreInformation as of 06/03/2026
Company Profile
Phoenix Asia Holdings Limited provides substructure works services in Hong Kong. The company undertakes site formation, such as clearance of construction site, demolition of existing structures, and reduction and stabilization of existing slopes; ground investigation comprising of assessing ground condition by drilling and conducting tests; and foundation works, including excavation and lateral support works, pile caps construction, earth works, structural steel works, underground drainage works, and demolition works. It also provides construction services, such as structural steel works; and advisory and supervision services in substructure projects. Phoenix Asia Holdings Limited was incorporated in 2024 and is based in Kowloon Bay, Hong Kong. Phoenix Asia Holdings Limited is a subsidiary of Phoenix Prosperity Investment Limited.
Key Executives
- Chi Kin Yeung
- Hoi Ki Leung
Current Ownership Distribution
- Insiders16.1M (74.54%)
- Other5.5M (25.39%)
- Institutions14,717 (0.07%)
- Mutual Funds0 (0.00%)