IMAGI INT'L's stock plummeted 12.08% in intraday trading on Friday.

The sharp decline followed news that a shareholder transferred shares worth HK$249 million, representing 16.37% of the company's issued share capital, from Citibank to Wai Faat Securities. Such a large transfer can signal changing ownership dynamics and may have unsettled investors.

Additionally, the company recently reported its annual results for the period ending December 31, 2025, showing a 42.5% year-on-year decrease in total revenue to HK$22.457 million. Although the loss attributable to owners narrowed by 75.5%, the significant revenue drop likely raised concerns about the company's business performance and future prospects.