Changes in Hong Kong stocks | HSSP INTL (03626) fell by more than 55% at the end of the session and recently had a rollover change. Previously, the shares were concentrated by the regulation

The Zhitong Finance App learned that HSSP INTL (03626) rose more than 36% in early trading. Since then, the stock price has continued to fall, and the decline increased by more than 55% at the end of the session. As of press release, it fell 55.13% to HK$3.72, with a turnover of HK$894.33,900, with an amplification of nearly 95% throughout the day.

According to the news, the latest data from the Hong Kong Stock Exchange shows that on October 22, HSSP INTL shareholders transferred shares from First Shanghai Securities Company to Fali Securities, with a market value of HK$340 million, accounting for 20.09%. According to reports, in July of this year, the Hong Kong Securities Regulatory Commission conducted an investigation into the company's share distribution. The results showed that only 9.87% of the company's issued shares were held by other shareholders.

Furthermore, the company recently announced that its wholly-owned subsidiary Qiming Oriental Co., Ltd. has signed an agreement with COTY to jointly establish a joint venture in the UAE and has been authorized to carry out the distribution business of the global e-cigarette giant iMiracle Brand in the Middle East. Another wholly-owned subsidiary has signed a professional services agreement with a service provider to facilitate the registration and import of e-cigarette products in Australia. The board also recommended that the listed company be renamed East Nova Holdings Limited (Qiming Oriental Holdings Limited).