Shenghualand Holdings Limited (08106.HK) controlling shareholder plans to change hands and will receive approximately 20.20% of the full acquisition offer from Shanghai Xinhua and Cloud Odd. The resumption of trading will take place on July 28th.

China Fortune Financial News App reports that Sublime Land (08106.HK) and the offeror Xinyun Zhilian and Xinyun He and Cloud (Hong Kong) jointly announced that on July 25, 2025, Zhejiang Sublime and Xinyun Zhilian entered into a domestic share purchase agreement. Zhejiang Sublime intends to sell 193,316,930 domestic shares to Xinyun Zhilian, accounting for approximately 38.16% of the total issued shares of Sublime Land as of the date of this joint announcement, at a price of 0.079 Hong Kong dollars per domestic share, totaling approximately 15.27 million Hong Kong dollars.