According to Zhitong Finance App, Strait Petrochemical (00852.HK) announced that on October 16, 2026 (after the trading period), Tianeng, an indirect wholly-owned subsidiary of the company, entered into a sales agreement with an independent third party, Yantai Jincheng. Tianeng has agreed to sell and Yantai Jincheng has agreed to acquire all of the shares of the target company, Nantong Runde Petrochemical Co., Ltd., at a cost of US$12.5 million (equivalent to about HK$97.5 million).

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