---
title: "Changhong Jiahua updates market on regulatory hurdles to privatisation and delisting"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/284001423.md"
description: "Changhong Jiahua Holdings Ltd. has provided an update on its proposed privatisation and delisting from the Hong Kong Stock Exchange. The process is currently delayed due to pending approvals from the Sichuan Provincial Development and Reform Commission and the Sichuan Provincial Department of Commerce, despite having obtained approval from the Mianyang City SASAC. The timeline for the privatisation remains uncertain as the offeror, Hongtu Investment, continues to work on fulfilling regulatory conditions."
datetime: "2026-04-24T12:10:24.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/284001423.md)
  - [en](https://longbridge.com/en/news/284001423.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/284001423.md)
---

# Changhong Jiahua updates market on regulatory hurdles to privatisation and delisting

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An update from Changhong Jiahua Holdings Ltd. ( (HK:3991) ) is now available.

Changhong Jiahua Holdings and its offeror, Hongtu Investment, provided a monthly update on the proposed privatisation of the company via a scheme of arrangement and the planned delisting from the Hong Kong Stock Exchange. The transaction remains subject to satisfaction of several non-waivable regulatory pre-conditions under outbound investment rules, involving approvals and filings with multiple PRC authorities.

The company reported that approval from the Mianyang City SASAC has been obtained, but the Sichuan Provincial Development and Reform Commission and Sichuan Provincial Department of Commerce are still reviewing applications, delaying subsequent filing with the State Administration of Foreign Exchange. The update underscores that the offeror continues to work towards fulfilling all remaining conditions before dispatching the scheme document, leaving the timetable and certainty of the privatisation and delisting dependent on regulatory progress.

**More about Changhong Jiahua Holdings Ltd.**

Changhong Jiahua Holdings Limited is a Hong Kong-incorporated company listed on the Hong Kong Stock Exchange, operating within the broader technology and electronics distribution and services sector. Its shareholder base includes state-linked interests, with Hongtu Investment Co., Limited acting as the offeror in an ongoing privatisation initiative that would ultimately lead to a withdrawal of its public listing.

**Average Trading Volume:** 984,933

**Technical Sentiment Signal:** Buy

**Current Market Cap:** HK$2.62B

Learn more about 3991 stock on TipRanks’ Stock Analysis page.

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