Hong Wei Asia Sees Share Transfer Worth HK$3.53 Million, Accounting for 7.33% of Total Holdings

Stock News
Aug 20

Data from the Hong Kong Stock Exchange reveals that on August 19, Hong Wei Asia (08191) experienced a notable shift in shareholdings, with a total transfer value of HK$3.53 million, representing 7.33% of the company's shares.

A company shareholder transferred 9.756 million shares to Wah Yip Securities while moving 24.756 million shares out of Hung Yar Capital. This adjustment reflects a significant redistribution of the shareholder's holdings across different brokerage accounts.

In related news, Hong Wei Asia recently published its annual results for the fiscal year ending December 31, 2025. The company reported revenue of HK$102 million, marking a sharp decline of 67.7% year-over-year. Additionally, the firm posted a net loss of HK$138 million, which widened by 199.1% compared to the previous year. The basic loss per share stood at HK$240.78 cents.

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