Group 1 - The offeror, Xijing Holdings (Hong Kong) Limited, announced a voluntary cash partial offer to acquire 371,200,000 shares of Xiangxing International, representing 29% of the company's issued share capital, at a price of HKD 0.21 per share, which is approximately 7.89% lower than the last trading price of HKD 0.228 [1][2] - As of the announcement date, the offeror and its concert parties do not hold any voting rights or interests in any shares or related securities of the company [1] - The company has a total of 1,280,000,000 issued shares and does not have any outstanding convertible or exchangeable securities [1] Group 2 - The offeror believes that investing in the company provides an attractive platform to complement its existing business activities, with potential strategic value through synergies between the offeror and Shanghai Xijing, which primarily provides smart logistics solutions [2] - The company has applied to the Stock Exchange for the resumption of trading of its shares starting from December 2, 2025 [2]

Core Viewpoint - The voluntary cash offer by the offeror, Xijing Holdings (Hong Kong) Limited, aims to acquire 371.2 million shares of Xiangxing International (01732), representing 29% of the company's issued share capital, at a price of HKD 0.21 per share, which is approximately 7.89% lower than the last trading price of HKD 0.228 [1] Group 1 - The offeror believes that investing in the company provides an attractive platform to complement its existing business activities [1] - The partial offer is expected to leverage the core competencies of the offeror and Shanghai Xijing, which primarily provides smart logistics solutions and equipment, alongside the group's operations in China, focusing on port services, logistics, and supply chain operations [1] - There is potential for significant strategic value creation through synergies between the offeror and the group [1]

Core Viewpoint - The offeror, Xijing Holdings (Hong Kong) Limited, plans to make a voluntary cash partial offer to acquire 371.2 million shares of Xiangxing International (01732), representing 29% of the company's issued share capital, at a price of HKD 0.21 per share, which is approximately 7.89% lower than the last closing price of HKD 0.228 [1] Group 1 - The offeror believes that investing in the company provides an attractive platform to complement its existing business activities and those of Shanghai Xijing [1] - The partial offer is expected to leverage the core competencies of the offeror and Shanghai Xijing, which primarily provides smart logistics solutions and equipment, alongside the group's operations in China, focusing on port services, logistics, and supply chain operations [1] - There is potential for significant strategic value creation through synergies resulting from this collaboration [1]

智通财经APP讯，象兴国际(01732)及要约人西井控股(香港)有限公司联合公布，要约人拟作出附带先决 条件的自愿现金部分要约，以要约价每股要约股份0.21港元向合资格股东收购公司已发行股本的3.712亿 股股份(相当于公司于本联合公告日期已发行股本的29%)。 要约价较股份于最后交易日联交所所报每股 股份收市价0.228港元折让约7.89%。公司已向联交所申请股份自2025年12月2日上午九时正起于联交所 恢复买卖。 要约人认为，投资于公司可提供具吸引力的平台，以补充要约人及上海西井的现有业务活动。部分要约 预期将汇集要约人及上海西井(主要从事提供智能物流解决方案及设备)与集团(主要在中国从事提供港内 服务、物流服务及供应链运营)的核心竞争力，并具有创造具有重大战略价值的协同效应的潜力。 ...