Movement Alert|Jingwei Tiandi Falls 8.93% in Regular Trading, Shareholder Warehouse Transfer Sparks Selling Pressure

Market Focus07-13 13:38

On July 13, Jingwei Tiandi fell 8.93% in regular trading, trading at HK$0.255, with turnover of HK$39.99 million.

On the news front, on July 8 the company saw a significant position change as a shareholder deposited 796 million shares into Beta International Securities, valued at approximately HK$236 million and representing about 19.91% of issued share capital. Previously on June 10, major shareholder Jingwei Tiandi Group sold 576 million shares at HK$0.3445 per share to three individuals, reducing its holding to approximately 2.2% and ceasing to be a major shareholder. The consecutive large-scale warehouse transfers within a short period have fueled market concerns over sustained selling pressure, weighing heavily on the stock. The current price now stands significantly below the prior disposal price of HK$0.3445.

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