XIANGXING INT (01732) and the offeror, Westwell Holdings (Hong Kong) Limited, jointly announced that the offeror intends to make a conditional voluntary partial cash offer. The offer price is set at HK$0.21 per share, targeting the acquisition of 371.2 million shares (representing 29% of the company's issued share capital as of the announcement date) from eligible shareholders.

The offer price represents a discount of approximately 7.89% compared to the closing price of HK$0.228 per share on the last trading day on the Hong Kong Stock Exchange. The company has applied for the resumption of trading on the exchange starting at 9:00 a.m. on December 2, 2025.

The offeror believes that investing in XIANGXING INT provides an attractive platform to complement its existing business activities, as well as those of Shanghai Westwell, which specializes in intelligent logistics solutions and equipment. The partial offer is expected to combine the core competencies of the offeror and Shanghai Westwell with those of XIANGXING INT, which primarily provides port services, logistics, and supply chain operations in China. This collaboration holds potential for creating significant strategic synergies.