Latest data from the Hong Kong Stock Exchange shows that on November 18, a shareholder of WMCH GLOBAL (08208) transferred shares from KGI Asia to Bank of China (Hong Kong), with a transfer value of HK$6.578 million, accounting for 5.57% of the company's shares.

Previously, WMCH GLOBAL announced that the seller, WMCH Global Holdings Limited, sold approximately 384 million shares, representing about 53.297% of the company's issued share capital, to the offeror, Wing Tung Man Kwok Holdings (owned by Liu Huanjin), for a total cash consideration of HK$19.1868 million.

Following the completion of the transaction, the offeror and its concert parties are required to make a mandatory unconditional cash offer for all issued shares at HK$0.05 per share, representing a discount of approximately 46.81% compared to the last closing price of HK$0.094 before the trading halt.