The Zhitong Finance App learned that according to the latest data from the Hong Kong Stock Exchange, on October 28, Xianshi (00244) experienced a change in position. The total market value of the transfer was HK$26.964,300, accounting for 7.33%. The company's shareholders transferred 96 million shares to Realord Asia Pacific Securities and 96 million shares from SPD Bank.

On October 4, Xianshi issued an announcement. Although the company intended to renew the Central store, which expires on December 31, 2026, it was unable to reach an agreement with the owner on the renewal of the lease. As a result, the Central store will cease operations around the beginning of December, and the store will then be restored and returned to the owners.

The company plans to continue to seek suitable locations to open new department stores in the Central/Sheung Wan region. However, as of the date of publication of this announcement, no suitable venue has been found. During this period, the Group will continue to operate the department store located on the fourth floor of Kung Wah Centre, 628 Nathan Road, Mongkok, Kowloon, and the online store at www.sincereonlinestore.com.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.