Latest data from the Hong Kong Stock Exchange reveals that on May 19, a shareholder of METASPACEX (01796) transferred shares from Astrum Capital Management to Xie Shi Yinghui Securities. The transfer involved a market value of HK$23.59 million, representing 9.63% of the company's issued share capital.
METASPACEX announced that on May 14, 2026, it terminated the share sale agreement with its controlling shareholder and applied for the resumption of trading of its shares starting at 9:00 a.m. on May 15, 2026.
Previously, on April 14, 2026, China Sports Asset Management Co., Ltd. (formerly known as Yuanfeng Venture Capital Limited, the "Seller"), Shenzhen Haoyi Investment Co., Ltd. (the "Buyer"), and Ms. Huang Hou as guarantor (the sole shareholder of the Seller) entered into a share sale agreement. The Seller intended to sell approximately 256 million company shares (representing about 53.3% of the company's issued share capital) to the Buyer for a total cash consideration of HK$63.965 million.
As the preconditions for the related transaction were anticipated not to be fulfilled as scheduled, both parties agreed to immediately terminate the equity transfer matter, and the transaction will no longer proceed.