China Xiangxing International (01732) intends to acquire 29% of the shares of Xi Jing Holdings (Hong Kong) at a discount of approximately 7.89% through a partial tender offer. Trading will resume on December 2nd.

The latest news from the Wise Financial APP, Ocean Wise International (01732) and the offeror Xi Jing Holdings (Hong Kong) Limited jointly announced that the offeror intends to make a voluntary cash partial offer with attached preconditions, to purchase 3.712 billion shares of the company's issued share capital (equivalent to 29% of the company's issued share capital as of the date of this joint announcement) from eligible shareholders at an offer price of HK$0.21 per share. The offer price represents a discount of approximately 7.89% compared to the closing price of HK$0.228 per share on the last trading day on the Stock Exchange of Hong Kong. The company has applied to the Stock Exchange for the resumption of trading in its shares from 9:00 am on December 2, 2025.