HK Stock Market Move | CHOW TAI FOOK (01929) fell by nearly 3%, some products are about to be priced up, recent changes in the equity structure of CHOW TAI FOOK group.

CHOW TAI FOOK (01929) fell nearly 3%, dropping by 2.7% to 12.24 Hong Kong dollars as of the publication, with a trading volume of 82.8848 million Hong Kong dollars. On the news front, after raising prices at the end of October, on December 17, CHOW TAI FOOK's Tmall official flagship store posted a discreet notice that due to market factors, some products will soon be experiencing price increases. The price adjustment window is set for December 19. It is noteworthy that with price increases in March and October, this marks the third price adjustment for CHOW TAI FOOK's fixed-price gold products this year. Furthermore, there have been recent changes in the equity structure within the CHOW TAI FOOK group. According to information disclosed by the Hong Kong Stock Exchange, CHOW TAI FOOK Capital, a company under the control of the Cheng family, will transfer nearly 54% of CHOW TAI FOOK Jewellery's shares to Beyond Luck Limited, a subsidiary company with 65% and 35% ownership held by CHOW TAI FOOK Enterprises and CHOW TAI FOOK Capital, respectively. This equity restructuring aims to strengthen the capital structure of the CHOW TAI FOOK group, unlocking business value, with CHOW TAI FOOK Enterprises becoming the parent company of the core businesses of the family, including CHOW TAI FOOK Jewellery, CTF SERVICES, and Shanghai New World.