FilingReader Intelligence

CITIC affiliate deals in Jinke Smart Services amid potential takeover

December 1, 2025 at 11:01 AM UTCBy FilingReader AI

On December 1, 2025, a public disclosure form revealed that CITIC Securities International Capital Management Limited, an associate connected with Jinke Smart Services Group Co Ltd, engaged in significant derivative dealings in the target company's shares. This activity occurred on November 28, 2025, and falls under Rule 22 of the Hong Kong Code on Takeovers and Mergers, indicating a possible mandatory general offer for Jinke Smart Services.

The dealings involved entering a derivative contract related to 2,200 reference securities, with a maturity date of December 31, 2025. The transaction was conducted at a reference price of $7.7100, for a total amount paid/received of $16,962.0000. These dealings were made for CITIC Securities International Capital Management Limited's own account, an entity ultimately owned by CITIC Securities Company Limited.

Following this transaction, the resultant balance for CITIC Securities International Capital Management Limited stands at 35,029,800. This disclosure highlights ongoing interest and activity surrounding Jinke Smart Services in the context of a potential takeover bid.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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