HSSP INTL's controlling shareholder sells 13.976 million shares, resuming trading on Monday

AASTOCKS
2025.11.02 10:52

HSSP INTL (03626.HK) issued a statement regarding the decline in stock price and the increase in trading volume. On the last trading day (31st), the controlling shareholder Wade Investment SPC Ltd (wholly owned by Chairman Lu Xiaoma) sold 13.976 million shares in the open market. After the sale, the controlling shareholder holds approximately 123.6 million shares, accounting for 67.21% of the company's equity.

The controlling shareholder noted that the stock price has significantly increased from HKD 1.41 per share (the comprehensive offer price as of June 16) and, considering the concentration of the company's equity, the controlling shareholder sold shares to realize profits and hopes to reduce the concentration of the company's equity. The controlling shareholder will continue to look for opportunities to sell more shares but currently has no intention of reducing its shareholding below 50%.

Trading of the company's shares has been suspended since 3:23 PM on October 31, and an application has been made to resume trading on Monday (3rd). The company's stock price closed at HKD 3.2 before the suspension, down HKD 5.09, a decrease of 61.399%; with a trading volume of 20 million shares and a turnover of HKD 100 million

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