HK Stock Market Move | WEIGAO GROUP (01066) rose more than 3% recently as its controlling shareholder, Weigao Group, added 11.4 million H shares.

WEIGAO GROUP (01066) rose more than 3%, up 3.04% as of the press time, to 3.39 Hong Kong dollars, with a total value of 47.1494 million Hong Kong dollars. On the news front, on June 5, WEIGAO GROUP announced that the board of directors received notification from its controlling shareholder, Weigao Group, that it had purchased a total of 11.4008 million H-shares of the company in the open market with its own funds from May 15, 2026 to the date of this announcement, accounting for approximately 0.25% of the total number of H-shares issued by the company as of the date of this announcement and approximately 0.25% of the total number of shares issued by the company. From May 13, 2026 to the date of this announcement, Weigao Group has purchased a total of 14.9536 million H-shares of the company in the open market, accounting for approximately 0.33% of the total number of H-shares issued by the company as of the date of this announcement and approximately 0.33% of the total number of shares issued by the company, with a total cost of approximately 50.9 million Hong Kong dollars. Following this latest increase in holdings, as of the date of this announcement, Weigao Group now holds a total of 2.115 billion H-shares of the company, accounting for approximately 46.76% of the total number of H-shares issued by the company and 46.27% of the total number of shares issued by the company. The above increase in holdings fully demonstrates Weigao Group's strong confidence in the long-term development prospects and intrinsic value of the group, as well as its full support for the sustainable and steady development of the group.