HK Stock Market Move | KFM KINGDOM (03816) rose more than 14%, controlling shareholder received contacts from several individuals to discuss various ways of cooperation.

KFM KINGDOM (03816) rose more than 14%, with the stock surging 29% yesterday. As of the time of writing, it has risen by 14.77% to HK$1.01, with a turnover of HK$2.4314 million. In terms of news, in response to the abnormal fluctuation in the stock price yesterday, KFM KINGDOM announced that, after appropriate inquiries by the board of directors, the company was informed by its controlling shareholder KIG Real Estate Holdings Limited (KIG Real Estate) that several individuals have contacted them to explore possible cooperation methods, including potential transactions involving the company's securities. As of the date of the announcement, the details of the cooperation methods have not yet been decided. KIG Real Estate holds 450 million shares, accounting for approximately 75.0% of the company's issued share capital.