Top Wealth Group shares surge 119.30% premarket driven by strong market sentiment and high-volume trading amid price rebound.

Top Wealth Group Holding Limited (TWG) surged 119.30% in premarket trading following multiple strategic developments. The company announced a partnership with Jilin Xiuzheng to enter China’s pet pharmaceuticals and supplements market, signaling expansion into a high-growth sector. Additionally, TWG executed a 1-for-90 share consolidation to maintain Nasdaq compliance, addressing prior delisting risks and stabilizing investor confidence. A memorandum of understanding (MOU) for pet pharmaceutical product injections further underscored its market positioning. These moves, coupled with recent extraordinary general meeting approvals and compliance extensions, collectively drove speculative buying and reinforced TWG’s operational restructuring efforts, aligning with the sharp premarket price spike.