HK Stock Market Move | KPA-BM HLDGS (02663) surges over 8%; proposed change of control of the company

KPA-BM HLDGS (02663) surged over 8%, up 8.06% as of press time, at HK$0.67, with a turnover of HK$7.6257 million. On the news front, KPA-BM HLDGS issued an announcement that on October 16, 2026, the price of the ordinary shares in the Company's share capital on the Stock Exchange changed. Upon inquiry, the Board confirmed that, save as disclosed below, it is not aware of any reason for such price movement or any information that must be announced to avoid a false market in the shares or any inside information that must be disclosed under Part XIVA of the Securities and Futures Ordinance. The Board wishes to inform shareholders and potential investors of the Company that, as informed by Mr. Yip Pak Hung (Mr. Yip), the chairman, executive Director and controlling shareholder of the Company, and Mr. Wai Yat Kin (Mr. Wai), the executive Director, chief executive officer and controlling shareholder of the Company, Shing Wing Investment Limited (Shing Wing, a company owned as to 43.97% by Mr. Yip, 43.97% by Mr. Wai, 8.95% by Mr. Liu Yuen Wai and 3.11% by Mr. Chan Chi Ming); Mr. Yip and Mr. Wai (collectively, the "Potential Vendor Shareholders") entered into a memorandum of understanding on June 29, 2026 with an independent third party (the Potential Purchaser), as supplemented and amended by supplemental memoranda of understanding dated September 3, 2026 and September 30, 2026 respectively, in relation to the possible sale of approximately 406 million shares held by the Potential Vendor Shareholders (representing approximately 72.90% of the entire issued share capital of the Company as at the date of this announcement).