Strong Petrochemical Holdings (852) Announces Potential Disposal of Controlling Stake

Bulletin Express
02/25

Strong Petrochemical Holdings Limited (the “Company”) has announced information regarding its controlling shareholder, Forever Winner International Ltd. (“FWI”), which holds 1.04 billion shares, or approximately 49.06% of the Company’s total issued share capital of 2.12 billion shares. FWI’s liquidators sent out an invitation for expressions of interest to acquire FWI’s stake in the Company on 16 February 2026. If this disposal materializes, it may trigger a mandatory general offer under Rule 26.1 of the Takeovers Code. The offer period commenced on 25 February 2026.

Trading of the Company’s shares on the Stock Exchange remains suspended since 31 December 2024, pending fulfillment of resumption guidance issued on 4 March 2025. The Company will publish monthly updates in accordance with Rule 3.7 of the Takeovers Code until a final decision is made on whether an offer will proceed. Shareholders and potential investors are advised to exercise caution when dealing in the Company’s shares.

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