Dehe Group (00368) changed its controlling interest and received a discount of about 79.17% and offered a full purchase offer to resume trading on August 5

According to the Zhitong Finance App, Dehe Group (00368) and the offender Grand Junction Intelligence Co., Limited jointly announced that the offender and STFV (as the buyer) completed the acquisition of 600 million shares of the company on August 3, 2026, accounting for 75% of the company's issued share capital, at a total cost of HK$225 million, equivalent to HK$0.375 per share.

Following completion and on the date of this Joint Announcement, the Offeror, its ultimate beneficial owners, and those acting in concert held a total of 600 million shares (including 440 million shares held by the Offeror and 160 million shares held by STFV), which is equivalent to 75.00% of the total issued share capital of the Company. According to Rule 26.1 of the Takeovers Code, the offeror is required to make a mandatory unconditional cash offer to purchase all of the shares in the company's issued share capital, at HK$0.375 in cash per share, a discount of approximately 79.17% from the closing price of HK$1.8 per share reported on the Stock Exchange on the last trading day. The maximum cash price payable by the offeror under the offer is HK$75 million.

Furthermore, the company has applied to the Stock Exchange to resume share trading from 9:00 a.m. on August 5, 2026 (Wednesday).

According to reports, on the date of this joint announcement, the offender was directly wholly owned by Grown Long X, while Grown Long X was directly wholly owned by Mr. Pang Weitao. The sole director of the offender was Mr. Pang Yatao, the brother of Mr. Pang Weitao.