Liangqing Holdings (03774) changed ownership with a discount of about 98.06% and offered a full purchase offer to resume trading on November 2

According to the Zhitong Finance App, Liangqing Holdings (03774) and the offender Shengzhan International Limited jointly announced that on October 23, 2026, the offeror completed the acquisition of about 56.93% of the company's total issued share capital from EqualJoyHoldingsLimited. The cash cost was approximately HK$350 million, equivalent to HK$0.75 per share sold. The Joint Offer Agent will jointly make an offer to acquire all the offered shares in accordance with the Takeovers Code. The offer price will be HK$0.75 per share, a discount of approximately 98.06% per share from the closing price of HK$38.70 per share reported on the Stock Exchange on October 23, 2026.

As of the date of this Joint Announcement, (i) the Offeror is directly wholly owned by Mr. Wen Haiyuan; and (ii) the sole director of the Offeror is Ms Chen Yujie. The offeror intends to maintain the company's listed position on the Main Board after the end of the offer.

Furthermore, the company has applied to the Stock Exchange to resume trading of shares on the Stock Exchange from 9:00 a.m. on November 2, 2026.