---
title: "Last week, after announcing the sell-off, MOST KWAI CHUNG surged 79%, reaching a two-year high, and is currently still up 65%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/279193322.md"
description: "MOST KWAI CHUNG announced a sell-off last week, with the stock price soaring 79% at one point, reaching a two-year high. It is currently reported at HKD 2.75, up 65.66%. The original controlling shareholder Blackpaper Limited sold a 65% stake to independent third party Ma Liyang, involving 175.5 million shares, for a total consideration of HKD 122 million, at a discount of 42.45%. WanHua Media also sold 12 million shares of MOST KWAI CHUNG, confirming a fair value gain of HKD 12.1 million"
datetime: "2026-03-16T02:25:16.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/279193322.md)
  - [en](https://longbridge.com/en/news/279193322.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/279193322.md)
---

# Last week, after announcing the sell-off, MOST KWAI CHUNG surged 79%, reaching a two-year high, and is currently still up 65%

"Mao Ji", "Mao Ji Television", and "Hui Ba Shi" parent company MOST KWAI CHUNG (01716.HK) announced a sell-off last week, and on Friday (the 13th), it closed up 37.2%. This morning (the 16th), the upward trend continued, soaring by 78.9% at one point, reaching a high of HKD 2.97, the highest in over two years. It is currently reported at HKD 2.75, up 65.66%, with a trading volume of 28.482 million shares, involving HKD 66.729 million.

MOST KWAI CHUNG announced last week that its original controlling shareholder Blackpaper Limited sold 65% of its equity to independent third party Ma Liyang, involving 175.5 million shares, for a total consideration of HKD 122 million, equivalent to a price of HKD 0.6963 per share, which is a discount of 42.45% compared to the closing price before the suspension. Additionally, WanHua Media (00426.HK) recently announced that on March 13th, it sold a total of 12 million shares of MOST KWAI CHUNG (01716.HK) through the open market at an average price of HKD 1.567 per share, for a total consideration of HKD 18.8 million. It is estimated that the sale will confirm a fair value gain of HKD 12.1 million

### Related Stocks

- [01716.HK](https://longbridge.com/en/quote/01716.HK.md)

## Related News & Research

- [Brave Steed Legacy Takes Control of Most Kwai Chung, Triggers Mandatory Cash Offer](https://longbridge.com/en/news/278904525.md)
- [Should You Be Shutting Down Your Laptop Every Day? Experts Weigh In.](https://longbridge.com/en/news/284889493.md)
- [Experts warn of rising lead risks in Africa’s solar energy boom](https://longbridge.com/en/news/284734961.md)
- [14:31 ETNingbo's "Eco+" Integration Practice showcased at SCO forum](https://longbridge.com/en/news/284434126.md)
- [GrayRobinson Shareholder Jim Moseley Named President of Maritime Law Association of the United States](https://longbridge.com/en/news/284929346.md)