---
title: "Hong Kong stock movement: WEILI HOLDINGS surged 20.27% without major positive drivers, attracting attention due to capital movement"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/290015975.md"
description: "WEILI HOLDINGS surged 20.27%; Zhongbao New Materials fell 10.71%, with a transaction volume of HKD 16.56 million; Jiayao Holdings rose 0.52%, with a transaction volume of HKD 9.47 million; Wancheng Group Co., Ltd. fell 4.35%, with a transaction volume of HKD 15.94 million; Sunshine Paper's market value reached HKD 991 million"
datetime: "2026-06-17T07:41:40.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/290015975.md)
  - [en](https://longbridge.com/en/news/290015975.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/290015975.md)
---

# Hong Kong stock movement: WEILI HOLDINGS surged 20.27% without major positive drivers, attracting attention due to capital movement

**Hong Kong Stock Movement**

WEILI HOLDINGS surged 20.27%, with no significant news recently. The trading is active, and the capital flow is evident. Considering the sector and industry trends, the stock shows significant volatility, and the specific reasons need further observation.

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

Zhongbao New Materials fell 10.71%, with a trading volume of HKD 16.56 million, and no significant news recently. The trading is active, and the capital flow is evident. Considering the sector and industry trends, the stock shows significant volatility, and the specific reasons need further observation.

Jiayao Holdings rose 0.52%, with a trading volume of HKD 9.47 million, and no significant news recently. The trading is active, and the capital flow is evident. Considering the sector and industry trends, the stock shows significant volatility, and the specific reasons need further observation.

Wancheng Group fell 4.35%. Based on recent news,

1.  On June 15, Wancheng Group's executive director and CEO Zhong Guoqiang purchased 75 million shares from chairman Zhou Qing, triggering a technical mandatory general offer. After the news was announced, the stock price briefly surged to HKD 2.35 but then fell back to around HKD 1, significantly increasing the value proposition. Although the current price is at a 30% premium to the offer price, the group holds HKD 180 million in cash, providing strong defensive capability.
    
2.  No other significant news recently.
    
3.  No other significant news recently. The trading is active, and the capital flow is evident. Considering the sector and industry trends, the stock shows significant volatility, and the specific reasons need further observation.
    

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

Sun Paper has a market capitalization of HKD 991 million. Based on recent key news:

1.  On June 16, Sun Paper's subsidiary Century Sunshine signed a loan agreement with Nichias Corporation, providing a loan of RMB 59 million. This financial support may enhance the company's liquidity, boost market confidence, and drive stock price volatility. Source: Zhitong Finance. The Hong Kong stock market has been quite volatile recently and requires attention

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