Shengli Oil & Gas Pipe Holdings (HKG:1080) said a recent online article claiming it is planning a collaboration with a financial platform is untrue, according to a Thursday Hong Kong bourse filing.

The company said a representative from the platform only visited a subsidiary's branch factory, accompanied by an assistant manager, and no discussions were held on capital operations, strategic investments, M&A, or market capitalization management, as reported.

Shengli said it has no current plans to enter into any such arrangement.

Shares of the pipeline maker fell over 11% in late-morning trade Thursday.