Continental Aerospace Technologies Holding Limited (CON AERO TECH) disclosed that J.P. Morgan Securities PLC—classified as a Class (5) associate of the prospective offeror—executed a series of derivative close-outs on 9 September 2026 in connection with the group’s proposed delisting from the Hong Kong market.\n\nAccording to the Rule 22 Public Disclosure Form filed with the Securities & Futures Commission’s Takeovers Executive, J.P. Morgan Securities terminated 13 separate “other products” derivative contracts referencing a total of 13.63 million CON AERO TECH shares. Twelve of the contracts, covering 13.52 million shares, carry a maturity date of 13 June 2028, while one contract for 98,000 shares matures on 30 April 2029.\n\nAll transactions were executed at a uniform reference price of USD 0.4744 per share, resulting in aggregate cash proceeds of approximately USD 6.47 million. Following the close-outs, J.P. Morgan Securities’ resultant balance of reference securities tied to CON AERO TECH declined from 331.50 million to 317.87 million shares.\n\nThe filing reiterates that the dealings were conducted solely for J.P. Morgan Securities’ proprietary account. No additional details on the proposed delisting timetable or terms were provided in the disclosure.
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