HUAJIN INTL (02738) witnesses HK$43.98 million position transfer, representing 29.32% of total shares moved between brokers

Stock News
Sep 15

Latest data from the Stock Exchange of Hong Kong reveals that on September 14, a significant position shift occurred in HUAJIN INTL (02738), with a transfer market value totaling HK$43.9785 million, accounting for 29.32% of the company's shares.

The company's shareholder transferred 174 million shares to Aristo Securities, with the same number of shares moved out from ABCI Securities. This unusual movement in the company's stock has drawn attention, and HUAJIN INTL has responded to the matter.

Upon inquiry, the board of directors confirmed that they are not aware of any reasons that might have caused such share price fluctuations. Furthermore, the board affirmed that the group's business operations continue to function normally without any disruptions.

In terms of financial performance, HUAJIN INTL's results for the six months ended June 30, 2026 show that the group recorded revenue of RMB 132 million during the period, representing a year-on-year decrease of 82.06%. The group also reported a loss of RMB 109 million for the period, which narrowed by 79.11% compared to the previous year. Basic loss per share stood at RMB 18.19 cents.

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