Hang Pin Living Technology Seeks Mandates to Dispose of Major Stakes in CNOOC, PetroChina and CCB

An update from Hang Pin Living Technology Company Limited ( (HK:1682) ) is now available.

Hang Pin Living Technology Company Limited has moved to secure shareholder approval for mandates that will allow its directors to dispose of up to all of the group’s existing shareholdings in CNOOC, PetroChina and China Construction Bank during a specified mandate period, covering 335,000 CNOOC shares, 908,000 PetroChina shares and 711,000 CCB shares. As the potential disposals, when aggregated with previous sales over the past 12 months, may each constitute a major transaction under Hong Kong listing rules, they are subject to reporting, announcement, circular and shareholder-approval requirements; the company has already obtained written consent from its controlling shareholder in lieu of a general meeting, and plans to dispatch a circular with further details to all shareholders by 23 January 2026, signalling a possible significant realignment of its investment portfolio and capital allocation strategy.

The most recent analyst rating on (HK:1682) stock is a Hold with a HK$0.19 price target. To see the full list of analyst forecasts on Hang Pin Living Technology Company Limited stock, see the HK:1682 Stock Forecast page.

More about Hang Pin Living Technology Company Limited

Hang Pin Living Technology Company Limited is a Bermuda-incorporated company listed on the Hong Kong Stock Exchange. While this announcement focuses on its investment holdings in listed securities, the group also engages in broader business operations and manages a portfolio that includes shares of major Chinese energy and financial institutions such as CNOOC, PetroChina and China Construction Bank, reflecting an exposure to Hong Kong-listed blue-chip stocks.

Average Trading Volume: 183,548

Technical Sentiment Signal: Hold

Current Market Cap: HK$149.3M

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