Xiwang Property: Offer period ends, trading suspension continues

Xiwang Property Holdings Company Limited has announced the conclusion of the offer period related to the possible mandatory general offer triggered by the receivership initially disclosed on August 4, 2023. The company stated that despite ongoing monthly updates, the Receivers had not entered into any legally binding agreements for the sale of the Charged Shares, leading to the determination that a bona fide offer is not imminent. Simultaneously, the company provided an update on its continued trading suspension, which began on March 31, 2025, and will remain until the Stock Exchange’s Resumption Guidance is met. The company also reported on steps towards fulfilling resumption conditions, including efforts to publish outstanding financial results, conduct independent forensic investigations and internal control reviews, ensure compliance with Listing Rules, and appoint a company secretary. Trading of the shares is suspended until all issues causing the suspension are remedied.