CITIC Securities associate trades in China Shengmu Organic Milk shares

CITIC Securities International Capital Management Limited, an associate connected with an unnamed offeror, disclosed its dealings in China Shengmu Organic Milk Limited shares on November 10, 2025. The disclosures were made pursuant to Rule 22 of the Hong Kong Code on Takeovers and Mergers, indicating a possible mandatory general offer for the company.

The firm reported both a purchase and a sale of 868,000 shares each. The purchase involved Delta 1 products, with a total amount paid of $290,780.0000, at a highest and lowest price of $0.3350 per share. The sale involved ordinary shares, also totaling $290,780.0000, with prices ranging from $0.3350.

These dealings stemmed from closing, flattening, or unwinding proprietary positions due to unsolicited client-driven transactions. CITIC Securities International Capital Management Limited confirmed these actions occurred no later than the close of the morning trading session on the day following the original client-driven dealing, and were executed for its own account. The company is ultimately owned by CITIC Securities Company Limited.