Alpha Eagle Lifts Stake to Majority as Mandatory Cash Offer for China Energy Development Closes

An announcement from China Energy Development Holdings Limited ( (HK:0228) ) is now available.

Alpha Eagle Limited has closed its mandatory unconditional cash offers for all issued shares and outstanding convertible bonds of China Energy Development Holdings Limited not already owned by it and its concert parties, with the offers expiring on 3 February 2026 without revision or extension. The offer resulted in valid acceptances for 28,226,590 shares, or about 6.19% of the company’s issued share capital, and no acceptances for the convertible bonds, bringing Alpha Eagle and its concert parties’ total interest to approximately 59.15% of the company. Cash consideration for accepting shareholders has been or will be dispatched within seven business days of complete and valid acceptance, and the transaction consolidates Alpha Eagle’s majority control of China Energy Development, potentially reshaping the company’s governance dynamics and strategic direction while maintaining public float requirements under Hong Kong listing rules.

The most recent analyst rating on (HK:0228) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on China Energy Development Holdings Limited stock, see the HK:0228 Stock Forecast page.

More about China Energy Development Holdings Limited

China Energy Development Holdings Limited, listed in Hong Kong, operates in the energy sector and has recently undergone a rights issue that expanded its share capital. The company’s shareholder base now includes Alpha Eagle Limited and its concert parties as the controlling shareholder group, reflecting an increased level of strategic ownership concentration following recent corporate actions.

Average Trading Volume: 760,774

Technical Sentiment Signal: Sell

Current Market Cap: HK$716.2M

Learn more about 0228 stock on TipRanks’ Stock Analysis page.