HX BLDG MAT (06655.HK): Substantial Shareholder Huaxin Group Plans to Increase A-Share Holdings by RMB 340 Million to RMB 680 Million
On August 19 2026, Huaxin Building Materials Group Co., Ltd. (06655.HK) disclosed through an overseas regulatory announcement that its substantial shareholder, Huaxin Group Co., Ltd., plans to increase its holdings of the company's A shares through block trading on the Shanghai Stock Exchange within 12 months from the date of the announcement, with an aggregate amount of not less than RMB 340 million and not more than RMB 680 million. The increase will not trigger a mandatory offer and will not result in any change of the company's controlling shareholder or actual controller; the funds will come from Huaxin Group's own or self-raised funds.
As of the announcement date, Huaxin Group holds 354,801,639 A shares of the company, all freely tradable, representing 17.07% of total share capital. Previously, from January 12 2026 to June 23 2026, Huaxin Group increased its holdings by an aggregate of 16,740,900 shares, representing 0.81% of total share capital, through block trading on the SSE system, with an aggregate amount of RMB 399.65 million (including transaction fees), and that increase plan has been completed. Huaxin Group has undertaken not to reduce its shareholding during the implementation period and within the statutory period. The purchase price will be determined based on a reasonable assessment of the company's stock value, taking into account share price movements and overall capital market trends. The announcement cautions that the plan may be delayed or fail to proceed if capital market conditions change or funds cannot be raised in full.
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