---
title: "Westwell’s Partial Offer for XiangXing Shares Closes Oversubscribed"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/276436303.md"
description: "Westwell Holdings' voluntary cash partial offer for XiangXing International Holding Limited closed oversubscribed, with valid acceptances for 378,280,000 shares, exceeding the 371,200,000-share cap. Acceptances will be scaled back pro rata, with approximately 98.13% of each shareholder's tendered shares being taken up. This acquisition increases Westwell's stake and refines XiangXing's ownership structure, potentially influencing future governance. The latest analyst rating for XiangXing (HK:1732) is a Hold with a price target of HK$0.24."
datetime: "2026-02-20T11:10:21.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/276436303.md)
  - [en](https://longbridge.com/en/news/276436303.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/276436303.md)
---

# Westwell’s Partial Offer for XiangXing Shares Closes Oversubscribed

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An update from XiangXing International Holding Limited ( (HK:1732) ) is now available.

Westwell Holdings (Hong Kong) Limited, through a voluntary cash partial offer arranged by Lego Securities Limited, sought to acquire up to 371,200,000 shares in XiangXing International Holding Limited not already owned by it or its concert parties. The partial offer, which had become unconditional earlier, closed on 20 February 2026 after receiving valid acceptances for 378,280,000 shares, representing about 29.55% of XiangXing’s issued share capital.

Because tenders exceeded the 371,200,000-share cap, acceptances will be scaled back on a pro rata basis, with approximately 98.13% of each accepting shareholder’s tendered shares being taken up by Westwell. This outcome modestly dilutes other investors while increasing Westwell’s stake, refining XiangXing’s ownership structure and potentially influencing future governance and strategic direction for stakeholders.

The most recent analyst rating on (HK:1732) stock is a Hold with a HK$0.24 price target. To see the full list of analyst forecasts on XiangXing International Holding Limited stock, see the HK:1732 Stock Forecast page.

**More about XiangXing International Holding Limited**

XiangXing International Holding Limited is a Hong Kong-listed company incorporated in the Cayman Islands and traded under stock code 1732. The announcement involves share acquisition activity relating to its equity, indicating ongoing interest in its capital structure and control among investment stakeholders.

**Average Trading Volume:** 4,648,809

**Technical Sentiment Signal:** Buy

**Current Market Cap:** HK$293.1M

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