RUIFENG POWER Records Major Share Transfer Valued at HK$375 Million, Involving 40 Million Shares Moved from Shanghai Pudong Development Bank

Stock News06-03 08:30

A significant share transfer has been reported for RUIFENG POWER (02025).

According to the latest data from the Hong Kong Stock Exchange, a substantial position change occurred on June 2nd.

The total value of the transferred shares amounted to HK$375 million, representing 5.01% of the company's holdings.

In this transaction, a company shareholder transferred 40 million shares into Ju Cheng Securities and simultaneously moved 40 million shares out of Shanghai Pudong Development Bank Co.,Ltd.

In a separate corporate development, RUIFENG POWER announced that on May 22, 2026, its wholly-owned subsidiary, Hebei Ruifeng Technology Co., Ltd., entered into a strategic cooperation agreement with Beijing Huizhi Guoke Technology Co., Ltd.

The agreement outlines a partnership for the research and development, manufacturing, and global sales of intelligent underwater cleaning and inspection robots.

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