Fosun Group, the largest privately-owned conglomerate in China controlled by billionaire Guo Guangchang, signed an agreement with Greek luxury retailer Folli Follie to purchase 6.36 billion of additionally issued stock valued at 13.3 euros per share.
Hong Kong stocks gained 36.01 points, or 0.16 percent, to close at 23,199.39 on Friday.
China's stock index futures closed mixed Friday with the contract for May up 0.03 percent from the previous close to 3,122.6.
The Hushen 300 Index reflecting the performance of China's Shanghai and Shenzhen stock exchanges closed at 3,121.60 points Friday, up 0.96 points, or 0.03 percent, from the previous close.
The Shenzhen Component Index on the Shenzhen Stock Exchange closed Friday at 12,161.03 points, up 2.91 points, or 0.02 percent.
China's benchmark Shanghai Composite Index on the Shanghai Stock Exchange closed at 2,858.46 points Friday, down 1.12 points, or 0.04 percent, from the previous close.
The ChiNext Index, launched by the Shenzhen Stock Exchange (SZSE) on June 1, 2010, edged down 1.07 percent, or 9.46 points, to close at 875.43 Friday.
Chinese shares closed mixed Friday with the benchmark Shanghai Composite Index down 0.04 percent, or 1.12 points, to finish at 2,858.46.
Stocks of Chinese mainland fell for the first time in three days, led by property developers and power producers, on concern the central bank will boost borrowing costs and higher energy costs will hurt corporate earnings.
The following are the central parity rates of the Renminbi (RMB) against seven major currencies announced Friday by the China Foreign Exchange Trading System.
ChiNext Index opened 0.83 points lower at 884.06 Friday.
Hong Kong stocks went up 52.24 points, or 0.23 percent, to open at 23,215.62 on Friday.