Sanhe Refining Chemical (00301): SFCL, a controlling shareholder, plans to sell up to 17% of the company's shares

Zhitong Finance App News, Sanwa Fine Chemical (00301) issued an announcement. The board of directors of the company was notified by Sanvo Fine Chemicals Limited (SFCL), a controlling shareholder of the company, on July 16, 2026, that it had agreed to sell a total of 37.636 million shares of the company's shares on a wholehearted basis through an placement agent, which is equivalent to about 8% of the company's total issued share capital on the date of this announcement. Furthermore, SFCL further agreed that, depending on market conditions, it could sell an additional 42.341 million shares of the company through an placement agent on a wholehearted basis, which is equivalent to about 9% of the company's total issued share capital as of the date of this announcement.

The Board anticipates that the sale will not adversely affect the Group's business operations and financial position.