HK Stock Market Move | KFM KINGDOM (03816) rose over 11%, as its controlling shareholder KIG Real Estate is negotiating a potential securities transaction.
KFM Jinde (03816) rose over 11%. As of the time of writing, it is up 11.37% at HKD 3.525, with a transaction volume of HKD 14.1282 million.
KFM KINGDOM (03816) rose over 11%. As of the time of this report, it has increased by 11.37%, reaching HKD 3.525, with a transaction amount of HKD 14.1282 million.
In terms of news, KFM KINGDOM announced at noon that the board of directors is unaware of the exact reasons for the unusual fluctuations in the company's stock price and trading volume observed today. After the board made inquiries, its major shareholder, KIG Real Estate Holdings Limited, informed that KIG Real Estate is still exploring the possibility of different cooperation methods with multiple parties, which may involve potential trading of the company's securities. KFM KINGDOM stated that further announcements will be made at an appropriate time. According to the announcement, KIG Real Estate currently holds 450 million shares of KFM KINGDOM, accounting for approximately 75.0% of the total issued share capital.
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