Changes in Hong Kong stocks | Yingmei Holdings (02028) surged by more than 19% yesterday, surged more than 84% yesterday and previously announced a liquidation-style placement for majority shareholders

The Zhitong Finance App learned that Yingmei Holdings (02028) dived rapidly after opening a high of HK$4.255 today. At one point, it fell close to 19% during the intraday period, down to HK$3.005. Notably, the stock surged more than 84% in a single day yesterday. As of press release, it decreased by 16.22% to HK$3.1, with a turnover of HK$87.79 million.

According to the news, Yingmei Holdings announced after the market on September 4 that the controlling shareholder Jiang Yu Holdings (a company controlled by Chairman Ou Pak-yin) has entered into a placement agreement to place no less than 120 million shares and up to 445.3 million shares of the company, accounting for about 51.85% of the existing issued share capital, that is, the placement price will not be less than HK$0.55 per share, which is expected to be completed no later than September 25; after the placement is completed, the seller will no longer hold any shares or be a shareholder of the holding company.

It is worth noting that Yingmei Holdings has lackluster fundamentals. It has recorded losses for eight consecutive years. In the first half of 2026, revenue was 62.07 million yuan, a year-on-year decrease of 11.66%. Shareholders' losses were 24.359,000 yuan, a decrease of 21.26% over the previous year. The company said that the main reason for losses due to shareholders in the first half of the year was weak demand in the printer market due to the full implementation of digital electronic invoicing in mainland China, medical products had not yet reached scale, and asset impairment was confirmed.