HK Stock Market Move | KELFRED (01134) resumed trading and fell more than 28%. The controlling shareholder, Tengfeng, may have terminated the sale of shares.

KELFRED(01134) resumed trading and fell more than 28%, as of the time of writing, it fell 28.62% to 0.232 Hong Kong dollars, with a turnover of 362,400 Hong Kong dollars. In terms of news, KELFRED announced that its controlling shareholder, Top Peak, may sell approximately 54.19% of the company's issued share capital. On November 29, 2025, Top Peak and the board of directors were informed that the potential buyer would not continue with the possible sale. Discussions relating to the potential sale between the potential buyer and Top Peak have been terminated and no formal agreements have been reached. Therefore, any possible mandatory unconditional general offer for all the issued shares will not proceed as usual.