BLUE RIVER HLDG(00498) plans to sell Shengjing H shares for 18.63 million Hong Kong dollars.

BLUE RIVER HLDG (00498) announced that the group has accepted an offer to purchase a total of 11.6415 million shares of Sunac China Holdings Limited H shares at a price of HK$1.60 per share. This share offer was approved at the Sunac extraordinary general meeting and H Share Class Shareholders' meeting held on October 21, 2025 through a special resolution, and has become unconditional in all respects. The total consideration that the group will receive is approximately HK$18.63 million (excluding transaction costs). Following the completion of the transfer of shares in accordance with the share offer, the group will no longer have any equity interests in Sunac. The offeror for the share offer is China International Financial Representatives. According to the comprehensive document, as of the last practicable date of the comprehensive document, the offeror's controlling shareholder is the State-owned Assets Supervision and Administration Commission of Shenyang Municipal People's Government, which directly and indirectly controls approximately 91.51% of the offeror's shares. The remaining shares of the offeror are held by Shenyang Shengjin Investment Management Center (Limited Partnership) (which directly holds approximately 4.81% of the offeror's shares) and the Liaoning Provincial Department of Finance (which directly holds approximately 3.68% of the offeror's shares).