Riverine China – Sure Advance Trims Stake to 6.35% After HK$6.61 Million Share Sale Ahead of Mandatory General Offer

Bulletin Express08-04

Hong Kong’s Takeovers & Mergers Executive has disclosed that Sure Advance Holdings Limited, a Class (6) associate of offeree Riverine China Holdings Limited, disposed of 2.81 million Riverine China shares on 22 June 2026, prior to the ongoing mandatory general offer.

The shares were sold through 55 on-market transactions at prices ranging from HK$2.00 to HK$2.76 each, generating aggregate proceeds of approximately HK$6.61 million and an average selling price of about HK$2.36.

Following the disposals, Sure Advance’s shareholding fell from roughly 28.52 million shares (about 7.04 % of the issued share capital) to 25.72 million shares, representing 6.35 %. The company acted on its own account and remains ultimately owned by Shanghai Industrial Investment (Holdings) Company Limited.

The disclosure, submitted under Rule 22 of the Hong Kong Code on Takeovers and Mergers, was received by the Executive on 4 August 2026.

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