Chuang's China Subsidiary Divests 18.9 Million Shares in Beihai Group

Deep News

Jun 21

Chuang's China (00298) and Chuang's Corporation International (00367) have jointly announced that Chinaculture.com, a direct wholly-owned subsidiary of Chuang's China, conducted a series of market disposals on the Stock Exchange between April 22, 2026, and June 18, 2026.

The transactions involved the sale of a total of 18.922 million shares in Beihai (Beihai Group Company Limited, stock code: 00701), generating total cash proceeds of approximately HK$2.6 million.

This equates to an average price of about HK$0.139 per Beihai share, within a range of HK$0.110 to HK$0.208 per share, excluding transaction costs.

Separately, Chinaculture.com has accepted the Beihai takeover offer for its remaining 299 million Beihai shares at the offer price of HK$0.1 per share.

Beihai declared its takeover offer unconditional on June 17, 2026. Consequently, Chinaculture.com is set to receive total cash proceeds of approximately HK$29.9 million from accepting the offer, excluding related transaction costs.

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