Core Viewpoint - The recent announcement of a change in control at Hehua Co., Ltd. (河化股份) indicates a significant shift in ownership, with the new controlling party being a relatively unknown entity, Beijing Shending Technology Co., Ltd. [2][6][7] Group 1: Ownership Change - Hehua Co., Ltd. announced that its controlling shareholder, Ningbo Yinyi Holdings Co., Ltd. (银亿控股), plans to transfer 100% of its equity to Beijing Shending Technology Co., Ltd. or a designated party [6][7] - The total transaction price for this transfer is set at 692 million yuan [7] - This change will result in the exit of Xiong Xuqiang, who has controlled Hehua Co. for nine years [8] Group 2: New Controlling Party - Beijing Shending Technology was established just a month prior to the acquisition announcement, raising questions about its background and capabilities [3][12] - The registered capital of Beijing Shending is 10 million yuan, with Zhang Jianwei holding 75% and Chang Xiangyang holding 25% [12] - The new ownership structure will lead to a reorganization of Hehua's board, with Beijing Shending nominating five non-independent directors and two independent directors [13] Group 3: Historical Context - Hehua Co. has changed hands multiple times since its listing 26 years ago, with its actual control shifting several times [4][25] - The company has faced financial difficulties, with net profits declining for 13 consecutive years from 2008 to 2019, and only briefly returning to profitability in 2020 and 2021 [26] - As of 2024, Hehua Co. reported a net profit of 3.89 million yuan, following two years of losses, indicating a precarious financial situation [26] Group 4: Market Position - As of August 8, the market capitalization of Hehua Co. reached 3.079 billion yuan, surpassing that of Bohai Co., which stood at 2.603 billion yuan [25] - The company has not issued dividends for 22 years, highlighting its ongoing financial struggles [26]

Group 1 - The company, Hehua Co., Ltd. (河化股份), announced on August 6 that there has been progress regarding the change of control, with the direct controlling shareholder remaining Ningbo Yinyi Holdings Co., Ltd. (银亿控股), while the actual controller will change [2][3] - Hehua Co., Ltd. received a notification from Yinyi Holdings that its shareholder, Yinyi Group Co., Ltd. (银亿集团), along with Ningbo Rusheng Industrial Co., Ltd. and Beijing Shengdian Technology Co., Ltd., reached a cooperation intention to transfer 100% equity of Yinyi Holdings to Beijing Shengdian or its designated party [3] - The total transaction price for the acquisition is approximately 692 million yuan, which includes a cash purchase of 337 million yuan and the assumption of a debt of 355 million yuan related to the pledged shares of Hehua Co., Ltd. [3] Group 2 - Hehua Co., Ltd. reported a revenue of approximately 212 million yuan for 2024, representing a year-on-year increase of 12.81%, and a net profit of approximately 79.25 million yuan, marking a turnaround from losses [5] - In the first quarter of 2025, Hehua Co., Ltd. achieved a revenue of approximately 40.83 million yuan, a year-on-year decrease of 34.05%, while net profit was approximately 1.36 million yuan, continuing the trend of profitability [5]

Group 1 - The company announced progress in the change of control, with the direct controlling shareholder remaining Ningbo Yinyi Holdings Co., Ltd., while the actual controller will change [1][2] - The total transaction price for the share transfer is approximately 692 million yuan, which includes a cash acquisition amount of 337 million yuan and a debt of 355 million yuan [2] - The cooperation intention reached is a preliminary agreement, and the specific transaction plan and agreement terms need further negotiation [3] Group 2 - The company reported a revenue of approximately 212 million yuan for 2024, representing a year-on-year increase of 12.81%, and a net profit of approximately 79.25 million yuan, marking a turnaround from loss to profit [4] - In the first quarter of 2025, the company achieved a revenue of approximately 40.83 million yuan, a year-on-year decrease of 34.05%, with a net profit of approximately 1.36 million yuan, also indicating a turnaround from loss to profit [4]

【财华社讯】绿景中国地产(00095.HK)公布，于2025年8月4日的高等法院聆讯中，高等法院颁令将清盘 呈请聆讯进一步延期至2025年11月3日。 本文源自：财华网 ...

绿景中国地产(00095.HK)：于2025年8月4日的高等法院聆讯中，高等法院颁令将清盘呈请聆讯进一步延 期至2025年11月3日。 ...

转自：智通财经 【绿景中国地产：清盘呈请聆讯进一步延期至11月3日】智通财经8月4日电，绿景中国地产在港交所公 告，于2025年8月4日的高等法院聆讯中，高等法院颁令将清盘呈请聆讯进一步延期至2025年11月3日。 ...

智通财经APP讯，绿景中国地产(00095)发布公告，于2025年8月4日的高等法院聆讯中，高等法院颁令将 呈请聆讯进一步延期至2025年11月3日。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何 部份內容而產生或因依賴該等內容而引致之任何損失承擔任何責任。 （於開曼群島註冊成立的有限公司） （ 香港聯交所股份代號：95） 有關清盤呈請的信息更新 承董事會命 綠景（中國）地產投資有限公司 主席 黃敬舒 香港，二零二五年八月四日 於本公告日期，本公司執行董事為黃敬舒女士（主席兼行政總裁）、葉興安先生、 黃浩源先生及李俞霏小姐；及獨立非執行董事陳觀發先生、焦捷女士及王廷丹女士。 茲提述綠景（中國）地產投資有限公司（「本公司」）日期為二零二五年 二月五日，二零二五年四月九日，二零二五年五月十四日及二零二五年七月 九日之公告（「該等公告」）。除非另有所指，本公告所用詞彙與該等公告 中所界定該等詞彙的涵義相同。 於二零二五年八月四日的高等法院聆訊中，高等法院頒令將呈請聆訊進一步 延期至二零二五年十一月三日。 本公司將就有關呈請的任何重大發展知會其股東及投資者，並適時另行刊發 公告。 本公司股東及其他投資者於買賣本公司證券時務請審慎行事及如對自己的處 境和應採取的行動有 ...

Group 1 - The core point of the news is that Hehua Co., Ltd. is planning a potential share transfer that may lead to a change in its controlling shareholder and actual controller, as notified by its major shareholder, Ningbo Yinyi Holdings Co., Ltd. [1] - The company has announced a temporary suspension of its stock trading starting from July 31, due to the uncertainty surrounding the share transfer, with an expected suspension period of no more than two trading days [3] - Hehua Co., Ltd. is also participating in the establishment of a venture capital fund with a total initial subscription of 11 million yuan, where the company will contribute 5 million yuan, accounting for 45.45% of the total [4] Group 2 - Hehua Co., Ltd. primarily engages in the research, production, and sales of pharmaceutical intermediates, as well as the commissioned processing and sales of urea [5] - On July 30, the company's stock price experienced a significant increase, reaching a closing price of 8.02 yuan per share, with a total market capitalization of 2.9 billion yuan [5][6]

Core Viewpoint - Hehua Co., Ltd. (河化股份) announced a suspension of its stock trading due to a planned change in control, with the suspension expected to last no more than two trading days [2][4]. Group 1: Company Background - Hehua Co., Ltd. primarily engages in the research, production, and sales of pharmaceutical intermediates, as well as the commissioned processing and sales of urea [5]. - The company’s subsidiary, Nansong Pharmaceutical, specializes in the development and production of pharmaceutical intermediates, with products sold domestically and internationally, including to countries like India and Finland [5]. - Hehua Co., Ltd. has undergone two changes in actual control since its establishment in 1993, with the current controlling shareholder being Ningbo Yinyi Holdings Co., Ltd. (银亿控股) since 2016 [5]. Group 2: Recent Developments - Ningbo Yinyi Holdings is currently planning a share transfer that may lead to a change in the controlling shareholder and actual controller of Hehua Co., Ltd. [4]. - The company reported a revenue of 40.83 million yuan in Q1, a year-on-year decrease of 34.05%, but achieved a net profit of 1.36 million yuan, marking a turnaround from losses [5]. - Hehua Co., Ltd. has faced operational challenges, including a significant decline in performance after the acquisition of Nansong Pharmaceutical, which was intended to pivot the business towards fine chemical production [8]. Group 3: Financial and Market Performance - Hehua Co., Ltd. has seen its stock price increase by over 40% this year, with a notable surge on July 30, when the stock hit the daily limit [9]. - The company is focusing on enhancing its core business and expanding market reach to identify new profit growth points [9].