After yesterday's surge of over 87%, Jingwei TianDi (02477) continued to rise by more than 20% in the morning, doubling its stock price in two trading days. As of the time of writing, it has increased by 20.72%, priced at 14.8 Hong Kong dollars, with a transaction volume of 28.543 million Hong Kong dollars.
According to Zhito Finance APP, after a surge of over 87% yesterday, Jingwei Tiandi (02477) continued to rise over 20% in the morning, doubling its stock price over two trading days. As of the time of writing, it increased by 20.72%, trading at 14.8 Hong Kong dollars, with a transaction value of 28.543 million Hong Kong dollars.
In terms of news, Jingwei Tiandi previously announced that on January 6, a controlling shareholder, Jingwei Tiandi Group, entered into an agreement with an independent third party, Hengfeng International, to sell 99.5 million shares, accounting for approximately 19.9% of the company's total shares; the price per share is 4.52 Hong Kong dollars, reflecting a discount of 30.89% compared to the closing price that day, resulting in cashing out nearly 0.45 billion Hong Kong dollars. After completion, the shareholding of Jingwei Tiandi Group in the company will decrease from the current 51% to 31.1%.
The controlling shareholder of Hengfeng International is Qian Fenglei, the founder of Zhejiang Hengfeng International; Other shareholders also include: Shen Guojun, the founder and Chairman of Yintai Group, Cao Guowei, the Chairman and CEO of Sina Group, Hu Xiaoming, a partner of Alibaba and former CEO of Ant Financial, and Cai Wensheng, former Chairman of MEITU.