Shandong Fengxiang Co. Ltd. Discloses Internal Dealings in Commercial Paper under Hong Kong Takeovers Code

Reuters
16 May
Shandong Fengxiang Co. Ltd. Discloses Internal Dealings in Commercial Paper under Hong Kong Takeovers Code

Shandong Fengxiang Co. Ltd. announced internal dealings related to its privatization by merger, as per the Hong Kong Code on Takeovers and Mergers. On May 15, 2025, CICC Financial Trading Limited, an exempt principal trader connected with the Offeror, engaged in the closing and unwinding of proprietary positions involving equity swaps. The transactions included the sale and purchase of 29,000 shares. The dealings were completed by the close of the morning trading session following the client-driven activities.

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