QIDIAN GUOFENG Shareholder Transfers HK$297 Million Stake from Standard Chartered to UBS

Stock News
Apr 27

A recent filing with the Hong Kong Stock Exchange reveals that on April 24, a shareholder of QIDIAN GUOFENG (01280) transferred shares from Standard Chartered Bank (Hong Kong) to UBS Securities Hong Kong. The transferred shares had a market value of HK$297 million, representing 7.77% of the company's issued share capital.

The company's 2025 financial results showed revenue of approximately RMB 357 million, a decrease of 19.3% compared to the previous year. The loss attributable to owners of the company was about RMB 418 million, which narrowed by 81.17% year-on-year. The loss per share was RMB 0.232. According to the company's announcement, the decline in revenue was primarily due to a decrease in sales from home appliances and the baijiu business segment.

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