Riverine China: Sure Advance Trims Holding to 5.56% Through HK$6.77 Million Share Disposal

Bulletin Express08-04

Riverine China Holdings Limited announced a disclosure of dealings filed under Rule 22 of the Hong Kong Code on Takeovers and Mergers, revealing that Class (6) associate Sure Advance Holdings Limited executed a series of on-market sales on 23 June 2026.

Sure Advance divested a total of 3.22 million Riverine China shares across 43 transactions, generating proceeds of approximately HK$6.77 million. The shares changed hands between HK$2.00 and HK$2.57 apiece, translating to an average price of roughly HK$2.10.

The disposals cut Sure Advance’s stake from an estimated 25.72 million shares (about 6.19 % of Riverine China’s issued share capital) to 22.50 million shares (5.56 %), moving the shareholder closer to the 5 % disclosure threshold.

Sure Advance, which conducted the trades for its own account, is ultimately owned by Shanghai Industrial Investment (Holdings) Company Limited. The Executive received the disclosure on 4 August 2026 as part of the ongoing mandatory general offer process for Riverine China.

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