According to the Zhitong Finance App, Hengyi Holdings (01894) issued an announcement. On September 23, 2026 (after the trading session on the Stock Exchange), the offender, Mr. Wei Huaping, informed the offeree Hengyi Holdings (01894) that he had a firm intention (in accordance with the Takeover Rules) to make a partial offer (in accordance with the takeover rules) to acquire the 30 million shares of the offender and those acting in concert with them (accounting for about 12.86% of the offender's issued share capital as of this announcement).
At the date of this announcement, the Offeror and the Offeror's concerted actors held an interest in 2 million shares, accounting for approximately 0.86% of the total issued share capital of the Offeree on the date of this announcement.
As of the date of this announcement, the Offeree had 233 million shares already issued, and did not have any share options, derivatives, warrants or related securities which can be converted or exchanged for shares that have not yet been exercised.
The offer price is HK$0.600 per share at a premium of approximately 3.4% over the closing price of HK$0.580 per share reported on the Stock Exchange on the last trading day (i.e. September 23, 2026).
The offeror believes that the offeree presents a fundamentally attractive investment case and is supported by the three core pillars, while some of the offers represent strategic opportunities to acquire significant shares of the offeree with attractive valuations. This is difficult to achieve through market acquisitions without putting upward pressure on stock prices.