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An announcement from Strong Petrochemical Holdings Limited ( (HK:0852) ) is now available.
Strong Petrochemical Holdings disclosed that the liquidators of its controlling shareholder, Forever Winner International, have invited expressions of interest for the sale of its 49.06% stake, potentially triggering a mandatory general offer if a deal proceeds under Hong Kong’s Takeovers Code. The announcement formally starts an offer period, requires monthly updates on transaction progress, and reminds associates of their disclosure obligations regarding dealings in the company’s securities.
The company’s shares remain suspended from trading on the Hong Kong Stock Exchange since December 2024, pending fulfillment of resumption guidance issued in March 2025. Management says it is working with advisers to meet those regulatory requirements and aims to resume trading as soon as practicable, while keeping shareholders and potential investors informed through further announcements and quarterly updates.
More about Strong Petrochemical Holdings Limited
Strong Petrochemical Holdings Limited is a Hong Kong-listed company in the energy and petrochemical sector, engaged through its subsidiaries in petrochemical-related businesses. Its shares trade on the Main Board of the Hong Kong Stock Exchange, with Forever Winner International Ltd. previously holding a controlling stake of about 49.06%.
Technical Sentiment Signal: Sell
Current Market Cap: HK$352.5M
See more data about 0852 stock on TipRanks’ Stock Analysis page.