Strong Petrochemical Flags Possible Change of Control as Controlling Stake Put Up for Sale
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Strong Petrochemical Holdings Limited announced that the liquidators of its controlling shareholder, Forever Winner International, are seeking expressions of interest for the sale of its 49.06% stake. This could trigger a mandatory general offer under Hong Kong’s Takeovers Code. The company’s shares have been suspended from trading since December 2024, and management is working to meet regulatory requirements to resume trading. Strong Petrochemical operates in the energy and petrochemical sector and is listed on the Hong Kong Stock Exchange.
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