Stock Movement | Maosheng Holdings drops over 10% as major shareholder sells all holdings

SighingCashier · 2026-04-02T02:16:12+00:00

Maosheng Holdings' major shareholder sells all holdings, causing the stock price to rise then fall. It once surged to 0.305 yuan at market open before retreating, with a low of 0.275 yuan. The company plans to issue 929 million to 1.327 billion shares to investors at a price of 0.17 yuan per share. The seller will cash out up to 226 million yuan and will no longer be the controlling shareholder.

SighingCashier

2026-04-02 02:16:12

Abstract generation in progress

Prosperous Holdings (00022) soughout by its major shareholder, leading to a rise in the share price first and then a drop. After the market opened, it rose by as much as 10.9%, hitting a high of 0.305 yuan. It then fell sharply by more than 10%, with the biggest decline reaching 17.8%, falling to a low of 0.275 yuan.

As of 9:58 a.m., it was at 0.24 yuan, down 12.7%, with turnover of 200 million yuan.

The company announced that it had been notified by Winland Wealth (BVI) Limited (the seller), which is indirectly wholly owned by executive director and chairman Lun Yiu Kee, that it plans to place no fewer than 929 million shares and up to 1.327 billion shares to investors, at a price of 0.17 yuan per share.

Of these, the 1.327 billion shares represent approximately 67.47% of the company’s issued share capital, namely all shares held by the seller. The seller will cash out up to 226 million yuan. Upon completion of the placing, the seller will no longer hold any shares in the company, and therefore will no longer be the controlling shareholder of the company.

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