The stock is set to open at HK$1.20 on Monday, the highest open since August 2016 and above the previous close of HK$0.70 each. The benchmark Hang Seng is set to fall 0.27%

KKR said on Sunday it would take a majority stake in NVC's China Lighting Business for a total equity value of about $794 million. NVC will continue to own 30% of the business.

(Reporting by Donny Kwok; Editing by Stephen Coates)