The Zhitong Finance App learned that the latest data from the Hong Kong Stock Exchange shows that on November 2, Xinhua News Media (00309) experienced a change in positions, with a total market value of HK$4.8972 million, accounting for 11.19%. The company's shareholders deposited 5.83 million shares in KGI Securities Asia, increasing their shareholding ratio by 11.19%.

Earlier, Xinhua News frequently issued an announcement containing a winding-up petition. On October 8, 2026, the High Court of Hong Kong granted a confirmation order on the petition, ordering that any transfer of company shares carried out on or after September 11, 2026, and any payment, application or disposition of net proceeds from the placement of 5.8303 million new shares of the Company under the placement agreement dated September 2, 2026, shall not be null and void by reason of section 182 of the Companies (Liquidation and Miscellaneous Provisions) Ordinance.

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