XIANGXING INT (01732) plans to acquire approximately 29% of the shares of Sijiing Holdings (Hong Kong) through a partial tender offer at a discount of about 7.89%. Trading will resume on December 2nd.

XIANGXING INT (01732) and the offeror Xijing Holdings (Hong Kong) Limited jointly announced that the offeror intends to make a voluntary cash partial offer with attached pre-conditions to purchase 3.712 billion shares (equivalent to 29% of the issued share capital of the company as of the date of this joint announcement) from eligible shareholders at a tender price of HK$0.21 per share. The offer price represents a discount of approximately 7.89% to the closing price of HK$0.228 per share on the final trading day on the Stock Exchange of Hong Kong. The company has applied to the Stock Exchange for the trading of shares to resume from 9:00 am on December 2, 2025. The offeror believes that investing in the company can provide an attractive platform to complement the existing business activities of the offeror and Shanghai Xijing. The partial offer is expected to bring together the core competencies of the offeror and Shanghai Xijing (mainly engaged in providing intelligent logistics solutions and equipment) with the group (mainly involved in providing onshore services, logistics services, and supply chain operations in China), creating synergies that have significant strategic value.