HSSP INTL (03626) Plunges Over 12% After Controlling Shareholder Sold 13.98 Million Shares Last Friday, Eyes Further Divestment Opportunities

Stock News

2025/11/03

HSSP INTL (03626) reversed gains to slump over 12% after resuming trading. The stock had crashed 61.28% last Friday before being suspended, then rebounded nearly 62% in early Monday trade. At press time, it was down 12.81% at HK$2.79 with a turnover of HK$50.06 million.

The company announced that its controlling shareholder, Wade Investment SPC Ltd—indirectly wholly owned by Chairman Lu Xiaoma—sold approximately 13.98 million shares on October 31, 2025. Post-sale, the shareholder retains 123.67 million shares (67.21% stake).

Noting the stock’s surge from HK$1.41 (its June 16, 2025, general offer price), the shareholder sold shares to realize profits, reduce ownership concentration, and enhance liquidity. It will continue exploring further divestment opportunities but has no immediate plans to lower its stake below 50%.

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