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Strong Petrochemical controlling shareholder liquidators sign deal to sell 1,041,746,000 shares to Speed Success Group

PUBT·07/20/2026 11:49:24
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Strong Petrochemical controlling shareholder liquidators sign deal to sell 1,041,746,000 shares to Speed Success Group
  • Liquidators of controlling shareholder Forever Winner signed an agreement on May 29 to sell 1,041,746,000 shares, or 49.06%, to Speed Success Group.
  • Speed Success is wholly owned by Wang Jian Sheng; the deal could trigger a mandatory general offer under Hong Kong takeovers rules.
  • A Rule 3.5 takeover announcement is being prepared; more time is needed to finalize offer-related information.
  • Trading in the shares remains suspended; the halt has been in place since Dec. 31, 2024.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Strong Petrochemical Holdings Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260720-12250061), on July 20, 2026, and is solely responsible for the information contained therein.