Hengli Petrochemical controller plans share purchase worth up to 1 bn yuan

Hengli Petrochemical announced that its actual controller, Chen Jianhua, plans to increase his shareholding in the company through open market transactions. The plan, which started on April 9, 2025, aims for a total investment of 500 million yuan to 1 billion yuan over a 12-month period, using his own or borrowed funds.

As of the announcement date, Chen Jianhua has not yet acquired any shares. The company attributes this to ongoing capital coordination and the phased implementation of the share increase plan, which is still in progress. The company will provide updates on the plan's execution, acknowledging potential risks such as market fluctuations or delays in fund availability.

Chen Jianhua's affiliated entities, including Hengli Group Co., Ltd., Hengneng Investment (Dalian) Co., Ltd., and Dexingli International Group Co., Ltd., collectively hold 75.45% of the company's shares.