China Resources Holdings (00228) plans to receive a premium of approximately 9.03% to complete the full acquisition offer. Trading will resume on December 24th.

date
22:37 23/12/2025
avatar
GMT Eight
ZHONG NENG HOLDINGS (00228) and the offeror Jia Ying Holdings Limited jointly announced that the over-allotment option was exercised with excess demand of approximately 0.78% on Tuesday, December 16, 2025 at 4:00 pm.
China Energy Holdings (00228) and the offeror Jiaying Eagle Limited jointly announced that the rights issue was oversubscribed by approximately 0.78% on Tuesday, December 16, 2025, at 4:00 pm. Following the completion of the rights issue, the offeror and its concerted parties will collectively own approximately 241.6 million shares, representing approximately 52.97% of the total issued share capital of the company after the issuance of approximately 152 million shares. Therefore, the offeror must, in accordance with Rule 26.1 and Rule 13 of the Takeover Code, make a mandatory unconditional cash offer. The cash offer price per share is HK$1.57, a premium of approximately 9.03% over the closing price of HK$1.44 per share on the last trading day on the Stock Exchange. In addition, the company has applied for the resumption of trading of its shares starting from 9:00 am on December 24, 2025.