LITIAN PICTURES (09958) Shareholder Transfers Shares from UOB Kay Hian (HK) to DBS Bank HK with Portfolio Value of HK$16.29 Million

Stock News

12/22

Latest data from the Hong Kong Stock Exchange reveals that on December 19, a shareholder of LITIAN PICTURES (09958) transferred shares from UOB Kay Hian (Hong Kong) to DBS Bank (Hong Kong), involving a portfolio value of HK$16.29 million, representing 18.18% of holdings.

The company had previously suspended trading for nearly two months due to delayed financial reporting. Trading resumed on November 24 after the belated disclosure of financial statements.

LITIAN PICTURES' 18-month fiscal year results ending June 2025 showed revenue of approximately RMB133 million. However, it reported a net loss of RMB554 million, primarily attributed to significant impairment losses from delayed monetization of certain drama copyrights and unrecoverable receivables from sold series.

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