Continental Aerospace: J.P. Morgan Securities Sells 3.45 Million Shares in Equity-Swap Hedging Amid Proposed Delisting

Bulletin Express06-24 16:44

Continental Aerospace Technologies Holding Limited (CON AERO TECH) has disclosed a series of share dealings by J.P. Morgan Securities PLC on 23 June 2026 under Rule 22 of the Hong Kong Code on Takeovers and Mergers, linked to the company’s proposed delisting.

J.P. Morgan Securities PLC, identified as a Class (5) associate connected with the offeror, executed three separate sales classified as “other types of securities (equity swaps).” The transactions, undertaken to hedge Delta 1 products arising from wholly unsolicited client-driven orders, involved a combined 3.45 million shares.

• Transaction breakdown – 950,000 shares sold at USD 0.3950 each, generating USD 0.38 million – 1.75 million shares sold at USD 0.4004 each, generating USD 0.70 million – 750,000 shares sold at USD 0.4004 each, generating USD 0.30 million

The aggregate consideration received across all three trades was approximately USD 1.38 million. During the session, the highest execution price reached USD 0.4004 per share, while the lowest stood at USD 0.3950 per share.

The dealings were made solely for J.P. Morgan Securities PLC’s own account. The firm is ultimately owned by JPMorgan Chase & Co.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment