BRETON Shares Surge Over 15% in Afternoon Trading as Controlling Shareholder Increases Stake

Stock News
04/17

BRETON (01333) rose more than 15% during afternoon trading. At the time of writing, the stock was up 13.07%, trading at HK$22.84, with a turnover of HK$95.7903 million. On April 15, the company issued a voluntary announcement stating that its controlling shareholder, Chairman, and Executive Director Chen Fangming used his own funds to purchase an additional 294,000 H-shares, representing 0.08% of the total issued share capital. Following this acquisition, his personal shareholding increased to 30.46%. Since December 2, 2025, Chen Fangming has accumulated a total of 700,000 H-shares through purchases and has not ruled out further increases in the future. Notably, in March of this year, BRETON announced the signing of an investment framework agreement with a Sierra Leone-based gold mining company. The agreement involves a two-stage process of "capital increase and share expansion + equity transfer" to acquire a 35% stake in the target company, marking BRETON's official entry into African gold mining resources. This move initiates a new strategic direction focused on "unmanned mining trucks + mineral resources + zero-carbon smart mines."

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