Hengfeng International, controlled by Zhejiang businessman Qian Fenglei, sold 716 million shares of Hong Kong-listed Jingwei Tiandi at an average price of HK$0.1494 per share on October 21, cashing out approximately HK$107 million. The stake reduction brought Hengfeng's ownership in Jingwei Tiandi down from 24.94% to 10.01%.
Jingwei Tiandi was added to the Southbound Stock Connect in March 2026, enabling mainland investors to trade the stock directly. The major shareholder's large-scale sell-off is expected to impact southbound investor sentiment.
Hengfeng International Cashes Out HK$107M in Jingwei Tiandi Shares, Stake Drops from 24.94% to 10.01%
Avertissement : Le contenu proposé sur Phemex News est à titre informatif uniquement. Nous ne garantissons pas la qualité, l'exactitude ou l'exhaustivité des informations provenant d'articles tiers. Ce contenu ne constitue pas un conseil financier ou d'investissement. Nous vous recommandons vivement d'effectuer vos propres recherches et de consulter un conseiller financier qualifié avant toute décision d'investissement.