CON AERO TECH | Weiss Asset Management Lifts Holding to 7.18% as Delisting Plan Proceeds

Bulletin Express08-04

Continental Aerospace Technologies Holding Limited (CON AERO TECH) disclosed on 4 August 2026 that Weiss Asset Management LP increased its shareholding to 668.25 million shares, or 7.18 % of the company’s issued share capital, under Rule 22 of the Hong Kong Code on Takeovers and Mergers.

On 3 August 2026, Weiss Asset Management executed four on-market purchases totalling 16.07 million shares: • 5.00 million shares at USD 0.4400 each • 2.50 million shares at USD 0.4400 each • 3.57 million shares at USD 0.4447 each • 5.00 million shares at USD 0.4400 each

The combined consideration amounted to approximately USD 7.09 million. Following these transactions, Weiss Asset Management’s holding rose from 652.18 million shares to 668.25 million shares.

The investor is classified as a Class (6) associate of the offeree company by virtue of its equity interest and confirmed that all trades were conducted for discretionary investment clients. Weiss Asset Management LP is ultimately owned by Andrew Murray Weiss.

The disclosure forms part of ongoing reporting requirements linked to the proposed delisting of CON AERO TECH.

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