Success More pares China Sunsine stake via S$27.7 million share placement

SGX Filings

Nov 04, 2025

China Sunsine Chemical Holdings Ltd. announced on Nov, 04 2025 that majority shareholder Success More Group Limited has sold 42,000,000 ordinary shares at S$0.66 each through Maybank Securities Pte. Ltd., raising about 27.72 million Singapore dollars.

The sale trims Success More’s holding to 545,285,100 shares, or 57.19% of the company’s issued share capital, down from 61.60% before the transaction.

A total of 86 institutional, corporate and high-net-worth investors bought the vendor shares. Success More, controlled by Executive Chairman Xu Chengqiu, intends to channel part of the proceeds into philanthropic initiatives in China and to reward former employees.

Success More has imposed a six-month moratorium on any further share sales. The company said the placement should broaden its shareholder base and enhance trading liquidity on the Singapore Exchange.

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Ltd., raising about 27.72 million Singapore dollars.</p>\n<p>The sale trims Success More’s holding to 545,285,100 shares, or 57.19% of the company’s issued share capital, down from 61.60% before the transaction.</p>\n<p>A total of 86 institutional, corporate and high-net-worth investors bought the vendor shares. Success More, controlled by Executive Chairman Xu Chengqiu, intends to channel part of the proceeds into philanthropic initiatives in China and to reward former employees.</p>\n<p>Success More has imposed a six-month moratorium on any further share sales. The company said the placement should broaden its shareholder base and enhance trading liquidity on the Singapore Exchange.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"QES.SI","symbol_name":"中国尚舜化工","start_time":0,"source_url":"","article_id":"1112441777","we_media_id":"1083912268","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1112441777","pubTimestamp":1762254618,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"SGX Filings","introduction":"Fastest News on SGX Filings ","home_visible":1,"id":"1083912268","head_image":"https://community-static.tradeup.com/news/57d1beae95c40ebe9f2698a436562e39"},"summary":"China Sunsine Chemical Holdings Ltd. announced on Nov, 04 2025 that majority shareholder Success More Group Limited has sold 42,000,000 ordinary shares at S$0.66 each through Maybank Securities Pte....","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"QES.SI":"中国尚舜化工"},"translate_title":"Success More通过2770万新元配股减持China Sunsine股份","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"QES.SI":1},"content_text":"China Sunsine Chemical Holdings Ltd. announced on Nov, 04 2025 that majority shareholder Success More Group Limited has sold 42,000,000 ordinary shares at S$0.66 each through Maybank Securities Pte. 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