Shareholders of Guanglian Technology Holdings (02531) transferred shares from Cathay Pacific Junan (Hong Kong) to DBS Bank with a market value of HK$373 million

The Zhitong Finance App learned that the latest data from the Hong Kong Stock Exchange shows that on December 16, shareholders of Guanglian Technology Holdings (02531) transferred shares from Cathay Pacific Junan (Hong Kong) to DBS Bank, with a market value of HK$373 million, accounting for 7.08%.

Guanglian Technology Holdings announced the latest developments in the memorandum of understanding and strategic cooperation set out in July 2025. As the parties were unable to agree on the terms of the relevant matters and sign a final agreement, the company has issued a notice of termination to High West to terminate the Memorandum of Understanding, effective December 15, 2025. The termination of the MOU will not have any significant adverse impact on the company's financial position and operations.