HK Stock Market Move | METASPACEX (01796) fell more than 7% in early trading, and after resumption of trading, it opened at a low of over 45%. The agreement to sell the controlling shareholder's shares has been terminated.

METASPACEX (01796) fell more than 7% in the morning session, opening down over 45% after resuming trading. As of the time of writing, it was down 7.58% at HK$0.61, with a trading volume of HK$8.801 million. On the news front, METASPACEX announced that it had terminated the agreement for the sale of controlling shareholder shares on May 14, 2026, and applied for resumption of trading starting at 9:00 am on May 15, 2026. On April 14, 2026, China Sports Asset Management Co., Ltd. (formerly known as Yuanfeng Chuangtou Co., Ltd., the "seller") entered into a share sale agreement with Shenzhen Huayi Investment Co., Ltd. (the "buyer") and Ms. Huang Hou as guarantor (the sole shareholder of the seller), the seller intended to sell approximately 256 million shares of the company's stock to the buyer (accounting for approximately 53.3% of the company's issued share capital) for a total cash consideration of HK$63.965 million. As the preconditions for the related transaction are not expected to be met on time, the buyer and seller have agreed to immediately terminate the equity transfer matter, and the transaction will no longer proceed.