WECON HOLDINGS (01793) received a 13.8% discount from the controlling shareholder for privatization. Trading will resume on March 17th.

WECON HOLDINGS (01793) and the offeror Triple Arch Limited jointly announced that on February 26, 2026, the offeror requested the board to propose to the planned shareholders a proposal to privatize the company through a scheme arrangement under section 86 of the Companies Ordinance. The plan will involve the cancellation of the planned shares, the payment of cash to the planned shareholders for each canceled planned share (as consideration), and the delisting of the shares on the Stock Exchange of Hong Kong. The cash consideration for each canceled planned share is 0.280 Hong Kong dollars, representing a discount of approximately 13.8% to the closing price of 0.325 Hong Kong dollars per share on the last trading day on the Stock Exchange of Hong Kong. The company has applied to the Stock Exchange of Hong Kong for the resumption of trading of the shares from 9:00 am on March 17, 2026. It is reported that the offeror is a limited company registered in the British Virgin Islands, and has been the controlling shareholder of the company since its listing. The entire issued share capital of the offeror is ultimately beneficially owned by Mr. Zeng Jiaye.