PRADA Records Significant Share Transfer Valued at HK$22.37 Billion, Representing 2.20% Stake

Stock News07-03

According to the latest data from the Hong Kong Stock Exchange, a significant share transfer involving PRADA (01913) occurred on July 2nd.

The total value of the transferred shares amounts to HK$22.37 billion, accounting for 2.20% of the company's issued share capital.

The transaction involved the transfer of 55.8413 million shares into Hongkong and Shanghai Banking Corporation Limited, while 47.069 million shares were transferred out from Standard Chartered Bank (Hong Kong) Limited.

In related news, the Italian fashion giant Prada has announced that the new-generation liquid cooling and ventilation garment (LCVG), a key inner layer of the lunar spacesuit jointly developed with U.S. commercial space company Axiom Space, has entered its final testing phase.

This equipment, specifically designed for NASA's Artemis IV mission, marks the first instance of a luxury brand being deeply involved in the core systems development of a manned spaceflight program.

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