Movement Alert|Jingwei Tiandi (New) Rises 11.84% in Regular Trading, Rebound After Major Shareholder Discount Sale Fully Digested

Market Focus06-22

On June 22, Jingwei Tiandi (New) (02477.HK) rose 11.84% in regular trading, trading at HK$0.425 per share, with turnover of approximately HK$153 million.

On the news front, the stock rebounded after the market fully digested the impact of the major shareholder's discounted share disposal. Jingwei Tiandi Group announced on June 10 that it intended to sell a total of 576 million shares to three individuals at HK$0.3445 per share. Upon completion, its holdings would decrease from 664 million shares to 88 million shares, and it would cease to be a major shareholder. The disposal price represented a significant discount to prevailing market prices. Following the announcement, the stock came under sustained selling pressure, declining 8.7% on June 16 and a further 2.44% on June 17.

After the preceding adjustment period, the overhang from the major shareholder's exit appears to have been largely priced in, with short-term capital inflows driving the technical rebound.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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