HENGDELI (03389) Receives Voluntary General Cash Offer from Junya at 12% Premium, Trading Resumes on Dec 1

Stock News
Nov 28, 2025

HENGDELI (03389) and the offeror Junya Limited jointly announced that Guotai Junan Securities and Minsheng Securities will act on behalf of the offeror to propose a voluntary unconditional general cash offer. The offer price is set at HK$0.14 per share to acquire all issued shares of the company (excluding those already beneficially owned by the offeror and Ms. Feng Jiaqiao). The company has applied to the Hong Kong Stock Exchange for the resumption of share trading starting at 9:00 a.m. on Monday, December 1, 2025. As of the joint announcement date, the company has 4.44 billion issued shares, with 2.29 billion shares subject to the offer and no treasury shares outstanding. The HK$0.14 per share offer price represents a 12% premium over the closing price of HK$0.125 on November 25, 2025. The offer reflects Mr. Zhang Yonglin's continued commitment to the company's long-term development and success. By increasing his stake, Mr. Zhang aims to strengthen his role in guiding the company's strategic direction and further align his interests with other shareholders. The offer also demonstrates his family's ongoing support and confidence in the company. Junya Limited, incorporated in the British Virgin Islands on July 27, 2022, primarily engages in investment holding. As of the announcement date, Mr. Zhang Yonglin serves as the Chairman, Executive Director, and CEO of the company, and is the sole shareholder and director of the offeror. Mr. Zhang is the son of Mr. Zhang Yuping, the former Chairman and Executive Director of the company.

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