Continental Aerospace Technologies Holding Limited announced on 13 July 2026 that J.P. Morgan Securities PLC—a Class (5) associate connected with the offeror in the company’s proposed delisting—executed multiple share purchases on 10 July 2026, triggering a disclosure under Rule 22 of the Hong Kong Code on Takeovers and Mergers.
Across five separate transactions conducted as hedges for Delta 1 products created from wholly unsolicited client-driven orders, J.P. Morgan Securities acquired a total of 13.63 million shares in Continental Aerospace Technologies. The purchases were executed at prices ranging between USD 0.40 and USD 0.41 per share, for an aggregate consideration of approximately USD 5.49 million.
The firm confirmed that the dealings were carried out on its own account. As an associate of the offeror, J.P. Morgan Securities is required to report such activities while the proposed delisting of Continental Aerospace Technologies remains in progress.
Comments