---
title: "Hong Kong Stock Movement: KELFRED's stock price fluctuates dramatically by 18.67%, with changes in the controlling shareholder's equity triggering market volatility"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/267123095.md"
description: "KELFRED fell 18.67%; Weigao Group rose 3.19%, with a transaction amount of HKD 65.22 million; Kangnai Optical rose 3.23%, with a transaction amount of HKD 52.01 million; Huakang Biomedical plummeted 28.43%, with a transaction amount of HKD 3.55 million; China Tongfu rose 1.32%, with a market value of HKD 6.858 billion"
datetime: "2025-11-24T07:27:07.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/267123095.md)
  - [en](https://longbridge.com/en/news/267123095.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/267123095.md)
---

# Hong Kong Stock Movement: KELFRED's stock price fluctuates dramatically by 18.67%, with changes in the controlling shareholder's equity triggering market volatility

**Hong Kong Stock Movement**

KELFRED fell 18.67%. Based on recent key news:

1.  On November 21, KELFRED's stock price fluctuated significantly after resuming trading. The company's controlling shareholder, Dingfeng, is in discussions with potential buyers to sell its 54.19% stake, which may lead to a significant change in the equity structure. This news has attracted market attention, causing stock price volatility.
    
2.  On November 21, after resuming trading, KELFRED's stock price once rose over 35%. Although investment banks have not shown much interest in the stock, market expectations for potential equity changes drove a short-term increase in stock price.
    
3.  On November 21, KELFRED announced its resumption of trading, and the market is taking a wait-and-see approach towards its future development. Due to the lack of investment bank ratings, investor uncertainty about the company's prospects has increased, leading to stock price fluctuations. The household light industry is volatile, and market sentiment is cautious.
    

**Stocks with High Trading Volume in the Industry**

Weigao Group rose 3.19%. Based on recent news,

1.  On November 21, Weigao Group announced the repurchase of 348,400 shares, costing approximately HKD 1.8321 million. This move demonstrates the company's confidence in its own value, boosting market sentiment and driving the stock price up.
    
2.  On November 21, investment bank Zhongtai International released the latest research report, giving Weigao Group an "overweight" rating with a target price of HKD 5.94. The positive rating and target price have enhanced investor confidence, further driving the stock price up.
    
3.  In the past 90 days, two investment banks have given Weigao Group an "overweight" rating, with an average target price of HKD 7.03. The continuous "overweight" ratings and relatively high target prices provide support for the stock price. The medical device industry has performed strongly recently, with noticeable capital inflow.
    

Kangnai Optical rose 3.23%, with a trading volume of HKD 52.01 million, and there has been no significant news recently. The trading is active, and capital flow is evident. Considering the sector and industry trends, this stock shows significant volatility, and specific reasons need further observation.

Huakang Biomedical fell sharply by 28.43%, with a trading volume of HKD 3.55 million, and there has been no significant news recently. The trading is active, and capital flow is evident. Considering the sector and industry trends, this stock shows significant volatility, and specific reasons need further observation.

**Stocks with High Market Capitalization in the Industry**

China Tongfu rose 1.32%, with a market capitalization of HKD 6.858 billion, and there has been no significant news recently. The trading is active, and capital flow is evident. Considering the sector and industry trends, this stock shows significant volatility, and specific reasons need further observation

### Related Stocks

- [01134.HK](https://longbridge.com/en/quote/01134.HK.md)

## Related News & Research

- [China Resources Power says new energy unit IPO priced at RMB 10.11 per share](https://longbridge.com/en/news/290209138.md)
- [IMF chief says no global slowdown in sight yet, but risks are high](https://longbridge.com/en/news/289802998.md)
- [ZAWYA: Jordan Green Ammonia secures Aqaba land for $1bln green ammonia project](https://longbridge.com/en/news/290281565.md)
- [Tokyo SME Investment & Consultation makes JPY 37.8 million equity investment in Sanko Electronics Industries](https://longbridge.com/en/news/290172209.md)
- [20:00 ETOlight Launches ArkPro Stars & Stripes to Celebrate America's 250th Anniversary and Honor Fathers](https://longbridge.com/en/news/290255391.md)