Great Harvest Maeta (HKG:3683) said there were no undisclosed matters that would warrant an unusual movement in its stock price, according to a Hong Kong filing Friday.

Shares of the ship chartering business gained over 1% in recent afternoon trade Monday.

The company said that outside of the sale of nearly 7.5 million shares by its chairperson on Friday, there were no developments that would warrant an unusual fluctuation in its stock price.

The share sale was prompted by a margin call by the stockbroker of Ablaze Rich Investments, a company controlled by Great Harvest's chairperson. The sale involved the offloading of 0.78% of the total issued share capital of the company, leaving Ablaze Rich with 63.67% holdings.