SANVO CHEMICALS (00301): A controlling shareholder, SFCL, intends to sell up to approximately 17% of the company's shares.

SANVO CHEMICALS (00301) announced that the company's board of directors has been informed by the company's controlling shareholder, Sanvo Fine Chemicals Limited (SFCL), on July 16, 2026, that they have agreed to sell a total of 37.636 million shares of the company through a placement agent, representing approximately 8% of the total issued share capital of the company as of the date of this announcement. In addition, SFCL has further agreed that, depending on market conditions, they may sell an additional 42.341 million shares of the company through the placement agent, representing approximately 9% of the total issued share capital of the company as of the date of this announcement. The board of directors anticipates that the sale will not have any adverse impact on the business operations and financial condition of the group.