HK Stock Market Move | BIOHEART-B (02185) surges over 6% with major shareholder Wang Li planning to increase holdings. The total amount is not expected to exceed 15 million Hong Kong dollars.

BIOHEART-B (02185) rose more than 6%, as of the time of publication, up 6.22% to HK$8.71 with a turnover of HK$51.305 million. On the news front, on the evening of October 20, Bai Xin An announced that the company had received notification from controlling shareholder Mr. Wang Li, who plans to use his own funds through Winning Powerful Limited (a wholly-owned limited company registered and established in Hong Kong by Mr. Wang) to publicly purchase and increase the company's H shares within approximately 12 months from the announcement date, with a total amount not exceeding HK$15 million, based on his recognition of the company's value and confidence in the future overall business development and growth potential of the company. Winning Powerful Limited may increase its holding of the company's shares from time to time based on market conditions and applicable regulatory requirements. As of the announcement date, Winning Powerful Limited directly owns 45.6456 million H shares of the company, accounting for approximately 18.75% of the company's issued shares.