Changes in Hong Kong stocks | Sanwa Refining (00301) has risen more than 3% since June, the stock price has risen more than 2.3 times, and the controlling shareholder SFCL plans to sell up to 17% of the company's shares

The Zhitong Finance App learned that Sanhe Refining (00301) has risen more than 3%, and its stock price has risen more than 2.3 times since June. As of press release, it rose 3.34% to HK$6.19, with a turnover of HK$4.922,500.

According to the news, Sanhe Refining announced that the board of directors of the company was notified by Sanvo Fine Chemicals Limited (SFCL), one of the company's controlling shareholders, on July 16, 2026, that it had agreed to sell a total of 376.36 million shares of the company on a wholehearted basis through an placement agent, which is equivalent to about 8% of the company's total issued share capital at the date of this announcement. Furthermore, SFCL further agreed that, depending on market conditions, it could sell an additional 42.341 million shares of the company through an placement agent on a wholehearted basis, which is equivalent to about 9% of the company's total issued share capital at the date of this announcement.

The Board anticipates that the sale will not adversely affect the Group's business operations and financial position.