BLUE RIVER HLDG plans to sell Shengjing H shares for HKD 18.63 million
BLUE RIVER HLDG announced that it has accepted the offeror's proposal to sell 11,641,500 Shengjing H shares at a price of HKD 1.60 per share, with a total consideration of approximately HKD 18.63 million. This transaction will only take effect after being approved by a special resolution at the shareholders' meeting on October 21, 2025. Upon completion of the transaction, BLUE RIVER HLDG will no longer hold any equity in Shengjing. The offeror is controlled by the State-owned Assets Supervision and Administration Commission of the Shenyang Municipal People's Government
According to the announcement from Blue River Holdings (00498), the group has accepted the offeror's share offer for a total of 11.6415 million Shengjing H shares at an offer price of HKD 1.60 per share. After the special resolution is passed at the Shengjing extraordinary general meeting and H share class shareholders' meeting to be held on October 21, 2025, the H share offer will become unconditional in all respects. The total consideration the group will receive is approximately HKD 18.63 million (excluding transaction costs). Following the completion of the transfer of shares sold under the share offer, the group will no longer hold any interest in Shengjing.
China International Capital Corporation represents the offeror in making the share offer. According to the composite document, as of the last practicable date in the composite document, the offeror's controlling shareholder is the State-owned Assets Supervision and Administration Commission of the Shenyang Municipal People's Government, which directly and indirectly controls approximately 91.51% of the offeror's shares. The remaining shares of the offeror are held by Shenyang Shengjin Investment Management Center (Limited Partnership) (which directly holds approximately 4.81% of the offeror's shares) and the Liaoning Provincial Department of Finance (which directly holds approximately 3.68% of the offeror's shares)
