Stock Track | IMAGI INT'L Plummets 12.08% Intraday Following Major Share Transfer and Weak Annual Results
Stock Track
Apr 10
IMAGI INT'L's stock plummeted 12.08% in intraday trading on Friday.
The sharp decline followed news that a shareholder transferred shares worth HK$249 million, representing 16.37% of the company's issued share capital, from Citibank to Wai Faat Securities. Such a large transfer can signal changing ownership dynamics and may have unsettled investors.
Additionally, the company recently reported its annual results for the period ending December 31, 2025, showing a 42.5% year-on-year decrease in total revenue to HK$22.457 million. Although the loss attributable to owners narrowed by 75.5%, the significant revenue drop likely raised concerns about the company's business performance and future prospects.
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