Mexan’s Controlling Shareholder Sells Entire Stake, New Substantial Investors Emerge

Mexan ( (HK:0022) ) has provided an update.

Mexan Limited has announced the completion of a major share placing by its controlling shareholder, referred to as the Vendor, involving 1,326,735,354 existing shares, or about 67.47% of the company’s issued share capital. These shares were placed by a placing agent to at least six independent investors, each restricted from holding 30% or more of the company after the transaction, in line with Hong Kong takeover regulations.

Following completion of the placing on 9 April 2026, the Vendor ceased to hold any shares and is no longer the controlling shareholder of Mexan, marking a significant change in the company’s ownership structure. Two of the placees, investor Chen Jixiang and Max Premier Limited, which he ultimately owns, together acquired around 17.64% of Mexan’s shares and have become substantial shareholders, prompting the company to advise existing shareholders and potential investors to exercise caution when trading its stock.

The most recent analyst rating on (HK:0022) stock is a Hold with a HK$0.25 price target. To see the full list of analyst forecasts on Mexan stock, see the HK:0022 Stock Forecast page.

More about Mexan

Mexan Limited, listed in Hong Kong under stock code 22, operates as a publicly traded company with a diverse shareholder base and a board comprising executive and independent non-executive directors. The firm is overseen by chairman Lun Yiu Kay Edwin, with corporate governance structured in line with Hong Kong listing rules and market regulations.

Average Trading Volume: 30,769,496

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$491.6M

Learn more about 0022 stock on TipRanks’ Stock Analysis page.