HK Stock Market Move | VITASOY INT'L(00345) rose nearly 8% again, with a cumulative increase of 1.3 times since the end of September. The Wong family now holds more than 15% of the shares.

VITASOY INT'L (00345) continues to rise by nearly 8%, with a cumulative increase of over 1.3 times since the end of September. As of the time of this report, it has risen by 7.98% to 10.56 Hong Kong dollars, with a turnover of 73.5948 million Hong Kong dollars. On the news front, information disclosed by the Hong Kong Stock Exchange shows that on October 7th, the younger brother of SINO LAND Chairman Huang Zhixiang, Huang Zhida, first disclosed that through his company Yang Xiecheng and his family office, he holds a total of more than 5% of the shares of Vitasoy. By October 24th, his shareholding had increased to 10.06%, reaching the threshold for calling a shareholder meeting. In addition, Huang Zhixiang and his Far East institution also hold 5% of Vitasoy's shares, meaning that the Huang family collectively holds over 15% of the shares. Public information shows that Yang Xiecheng is a food and beverage listed company in Singapore, and the Huang family to which it belongs was founded by Singapore's richest man, Huang Tingfang. So far, Yang Xiecheng's products mainly include soy milk and water chestnut drinks, with its main market located in Southeast Asia. Revenue from the Chinese market is not significant, accounting for less than 10%, with South China and East China being the main markets for Yang Xiecheng.