Jingwei Tiandi (02477) has risen by over 17% against the trend, currently up 17.74%, reported at 7.7 Hong Kong dollars, with a transaction amount of 6.7129 million Hong Kong dollars.
According to Zhitong Finance APP, Jingwei Tiandi (02477) rose against the trend by over 17%, as of the time of writing, it increased by 17.74%, priced at 7.7 Hong Kong dollars, with a trading volume of 6.7129 million Hong Kong dollars.
On the news front, Jingwei Tiandi announced that on January 6, 2025, the company's controlling shareholder, Jingwei Tiandi Group, signed a share purchase agreement with Hangfeng International Holdings Limited (the investor), involving the sale of 99.5 million shares of the company at a price of 4.52 Hong Kong dollars per share (equivalent to 19.9% of the company's total issued share capital as of the date of this announcement). The sale is expected to be completed on or before January 17, 2025, or on another date as may be mutually agreed in writing by Jingwei Tiandi Group and the investor.
After the sale is completed and assuming no other changes to the equity structure and issued shares, the number of shares held by Jingwei Tiandi Group will decrease from 0.255 billion shares to 0.1555 billion shares (accounting for 31.1% of the company's issued share capital), while Jingwei Tiandi Group remains the company's controlling shareholder and the investor will become the major shareholder holding 99.5 million shares (accounting for 19.9% of the company's total issued share capital).
It is reported that the sole Director and controlling shareholder of the investor is Mr. Qian Fenglei, the founder and CEO of Zhejiang Hangfeng International Holdings Limited.