Hengyi Petrochemical: Controlling shareholder increases stake

Hengyi Petrochemical (SZSE:000703) announced that its controlling shareholder, Hengyi Group, has continued to increase its stake in the company. As of March 24, 2025, Hengyi Group has cumulatively acquired 14,810,300 shares via the Shenzhen Stock Exchange, representing 0.40% of the company’s total share capital. The total transaction value reached CNY 9,053.07 million. Following these transactions, Hengyi Group directly holds 41.02% of Hengyi Petrochemical's shares, while Hengyi Investment, a subsidiary, holds 6.99%, bringing their combined holdings to 48.01%. Hengyi Group intends to continue its share increase according to the previously announced plan, with the goal of boosting investor confidence and supporting the long-term stability and development of Hengyi Petrochemical.