HK Stock Market Move | BONJOUR HOLD (00653) fell over 50% in the afternoon, and the company has recently been frequently involved in large-scale transfer activities.

BONJOUR HOLD (00653) has been soaring since January 16th, with its stock price surging over 30% at one point during today's trading session. However, in the afternoon, the stock saw a significant volume sell-off, causing the price to drop more than 52% and hit a low of HK$0.23, erasing all gains since January 17th. As of the time of writing, the stock is down 45.37% at HK$0.295, with a trading volume of HK$65.5876 million. On the news front, on January 13th, BONJOUR HOLD officially issued 210 million ordinary shares based on a subscription agreement signed with its controlling shareholder, Chen Jianwen, on November 12, 2024. The subscription was completed by offsetting a portion of the repayment amount, meaning that the HK$33.18 million shareholder loan will be considered as already repaid. It is worth noting that BONJOUR HOLD has recently experienced significant changes in its large positions. On January 14th, there was a large transfer of shares to Million Link Securities, resulting in a 17.53% stake. Additionally, on January 16th, 17th, and 20th, there were movements of shares transferred out from Ming Fung, totaling over 21% of the shares.