Understanding the Market | WELLCELL HOLD fell over 8% as its controlling shareholder WELLCELL HOLD Group reduced its stake in the company to 166 million shares

WELLCELL HOLD fell over 8%, as of the time of publication, it dropped 7.54%, reported at HKD 6.5, with a trading volume of HKD 11.5435 million. In terms of news, WELLCELL HOLD announced that, according to the information from WELLCELL HOLD Group, the completion of Sale Item Two has been finalized on May 9, 2025, in accordance with the terms and conditions of the Sale Item Two Sale Agreement (Completion Two). Due to Completion Two, the number of shares held by Hengfeng International has increased from 199 million shares to 299 million shares (accounting for 29.9% of the company's total issued share capital), making Hengfeng International the largest single shareholder of the company; while the number of shares held by WELLCELL HOLD Group has decreased from 266 million shares to 166 million shares (accounting for 16.6% of the company's issued share capital), and WELLCELL HOLD Group remains the major shareholder of the company