KUALA LUMPUR (Nov 6): China-based edible oil producer XingHe Holdings Bhd says today it is unaware of or was a party to any discussion that it could be looking to hive off its traditional edible oil business in Henan, China back to its managing director and major shareholder Ma Guo Liang.

In a bourse filing, XingHe said the matter was not tabled for consideration at any of its board meetings to-date.

It was responding to a Bursa Malaysia query in relation to a Nov 4 report entitled "Imminent shareholder change in XingHe could see group redeem itself" by The Edge Malaysia weekly.

XingHe shares closed down 1.5 sen or 5.88% at 24 sen today, with 2.98 million shares done, bringing a market capitalisation of RM138.43 million.