According to the latest data from the Hong Kong Stock Exchange, on September 18, a shareholder of YGM TRADING (00375) transferred shares from Standard Chartered Bank (Hong Kong) to The Hongkong and Shanghai Banking Corporation Limited, with a transfer market value of HK$39.8844 million, representing 20.04% of the company.

YGM TRADING announced that the company proposes to implement a capital reduction, reducing the company's share capital account from HK$384 million (as of the announcement date) by HK$364 million to HK$20 million. The proceeds arising from the capital reduction will be credited to the company's capital reduction reserve account and shall be deemed as realized profits under section 214 of the Companies Ordinance, which can be utilized to offset any accumulated losses and/or for distribution to shareholders.