High Energy Environment (Hong Kong) said it plans to revise its offer price for Greentech Technology (0195) after an assessment, according to Ming Pao.

The company said it will seek the necessary shareholder approval at an extraordinary general meeting of its holding company, Beijing High Energy Era, on July 9, and will publish an announcement in due course.

The move follows the launch of a partial offer for Greentech Technology by a consortium led by Argyle Street Management at HK$0.4 per share to acquire 16.84% of the company, after the Securities and Futures Commission granted consent on June 29. Greentech Technology has been suspended from trading for an extended period.