Wellcell's (HKG:2477) controlling shareholder WellCell Group has completed the disposal of 99.5 million, or 19.9%, shares in the company to Hang Feng International, a Monday bourse filing said.

The parties had entered into the sale agreement earlier in January.

Following the disposal, WellCell Group holds 155.5 million, or 31.1% shares in the Chinese telecommunication network support and information and communication technology integrator's