China Jicheng Shareholder Sells $75 Million Stake; Shares Rally 21%

MT Newswires Live

2025/10/06

China Jicheng's (HKG:1027) substantial shareholder, Jicheng Investment, agreed to sell a 29.8% stake in the company for about HK$74.6 million, according to a Hong Kong bourse filing Monday.

Jicheng Investment will sell 123,140,900 shares in the company for HK$0.6060 apiece to Benefit Gateway. The shares represent around 29.8% of the business.

Jicheng Investment will cease to be a shareholder of the company following the sale.

China Jicheng said it does not expect the share sale to have any adverse effect on its operations.

Shares of the umbrella maker jumped nearly 21% in midday trade.

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