Oshidori International Holdings (622) Announces HK$502.8 Million Disposal of Shengjing Bank H Shares

Bulletin Express
2025/10/22

Oshidori International Holdings (622) has announced the acceptance of an H Share Offer to dispose of 314,234,000 H Shares in Shengjing Bank (2066) for HK$1.60 per share, totaling approximately HK$502.8 million. According to the announcement, the transaction became unconditional on 21 October 2025, and Oshidori International Holdings will cease to hold any interest in Shengjing Bank upon completion.

The 314,234,000 Shengjing H Shares accounted for around 13.42% of the total issued H Shares of Shengjing Bank on the announcement date. The company classified 311,200,000 of these shares as financial assets measured at fair value through other comprehensive income, and the remaining 3,034,000 shares as investments measured at fair value through profit or loss. Following this disposal, the company expects a decrease of HK$128.5 million in total other comprehensive expense and a gain of approximately HK$1.2 million for the financial year ending 31 December 2025, subject to audit adjustments.

The disposal is considered a discloseable transaction under Chapter 14 of the Listing Rules, as certain percentage ratios exceed 5% but remain below 25%. According to the announcement, the transaction allows Oshidori International Holdings to realize its investment before the delisting of Shengjing Bank H Shares, which is scheduled to take effect on 20 November 2025. The company intends to use the net proceeds as general working capital.

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