Shengli Oil & Gas Pipe Denies Media Report on Financial Platform Deal; Shares Fall 11%

MT Newswires Live

Aug 14, 2025

Shengli Oil & Gas Pipe Holdings (HKG:1080) said a recent online article claiming it is planning a collaboration with a financial platform is untrue, according to a Thursday Hong Kong bourse filing.

The company said a representative from the platform only visited a subsidiary's branch factory, accompanied by an assistant manager, and no discussions were held on capital operations, strategic investments, M&A, or market capitalization management, as reported.

Shengli said it has no current plans to enter into any such arrangement.

Shares of the pipeline maker fell over 11% in late-morning trade Thursday.

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Gas Pipe Holdings (HKG:1080) said a recent online article claiming it is planning a collaboration with a financial platform is untrue, according to a Thursday Hong Kong bourse filing.</p><p>The company said a representative from the platform only visited a subsidiary's branch factory, accompanied by an assistant manager, and no discussions were held on capital operations, strategic investments, M&amp;A, or market capitalization management, as reported.</p><p>Shengli said it has no current plans to enter into any such arrangement.</p><p>Shares of the pipeline maker fell over 11% in late-morning trade Thursday.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"01080","symbol_name":"胜利管道","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2559939582","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2559939582","pubTimestamp":1755146796,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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