Ken Sir Sells Mao Ji Kwai Chung Holdings, Cashes Out 24.5 Million

SighingCashier · 2026-03-17T12:18:19+00:00

Mao Ji Kwai Chung investor Lü Yujian sold 16.228 million shares last Friday, cashing out HK$24.5043 million. Founders Yao Jiahao and Lu Jiajun sold 65% of their shares to Ma Liyang at HK$0.6963 per share over five days. Lü Yujian stated that the transaction was reasonable and expressed anticipation for new shareholders to enter. After resuming trading, Mao Ji's stock price fluctuated, reaching a high of HK$4.24 yesterday and dropping to HK$2.98 today.

SighingCashier

2026-03-17 12:18:19

Abstract generation in progress

After Ma Kee Kwai Chung (01716) announced plans to sell, according to the Hong Kong Stock Exchange (00388) disclosure of interests, investor known as Ken Sir, Lu Yu Jian, sold 16.228 million shares of Ma Kee Kwai Chung at an average price of HKD 1.51 per share last Friday (13th), representing 6.01% of the company’s issued share capital, cashing out HKD 24.5043 million.

According to the Hong Kong Stock Exchange disclosure, founders and major shareholders Yao Jiahao (Ah Bu) and Lu Jiajun (Chen Qiang) sold 175.5 million shares, or 65% of Ma Kee Kwai Chung, to Brave Steed Legacy Limited, wholly owned by Ma Li Yang, at HKD 0.6963 per share outside of the market on the 5th of this month, for a total transaction value of HKD 122.2 million.

Lu Yu Jian responded to media inquiries last Wednesday (11th), stating that the transaction price was reasonable, and claimed not to know the new shareholder, but looked forward to the new shareholder’s involvement. Whether he will sell shares later depends on the background of the new management, business goals, and whether Ma Kee’s business will change.

Ma Kee officially announced last Thursday evening the details of Ah Bu and Chen Qiang’s sell-off, as well as the identity of the buyer, Ma Li Yang, who must make a cash full purchase offer through a mandatory bid. The stock resumed trading last Friday, rising for two consecutive days, reaching a high of HKD 4.24 yesterday, and closing today at HKD 2.98, down 25.3%.

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