HKEX Insider Activity — 2026-07-28

by hk-insider-activities-daily

🇭🇰 HKEX DI Report — 2026-07-28

🟢 ACCUMULATING — 2535 WK Group Holdings ← Eastern Pearl Capital (EP Neutron Fund SP), bought 180.3M shares on-exchange @ HKD 0.42 for ~HK$75.0M; curr 9.01% (increased by 3.67pp) Read: Eastern Pearl's Neutron sub-fund aggressively added 180M+ WK Group shares on-market in a move that ran in parallel with a sister vehicle (Caelus Fund SP) simultaneously crossing the 5% disclosure threshold — pointing to coordinated two-vehicle accumulation of the same small-cap.

🟢 ACCUMULATING — 2589 Auntea Jenny ← Shanghai Puhai Enterprise Management, curr 100.0% (increased by 51.08pp from ~48.9%) Read: Shanghai Puhai's declared H-share interest in Auntea Jenny reached 100% of the tranche — a complete sweep of the available listed float that reads as a privatisation push or formal squeeze-out of remaining public shareholders.

🟢 ACCUMULATING — 9980 Eastroc Beverage ← JPMorgan Chase & Co., sold 874,820 shares off-exchange @ HKD 112.22 for ~HK$98.2M; yet curr 6.97% (increased by 1.51pp) Read: Despite offloading nearly HK$98M of Eastroc in a block sale, JPMorgan's percentage stake paradoxically rose 1.51pp — strongly suggesting a concurrent large-scale share cancellation compressed the total float faster than the sell-down reduced JPMorgan's absolute count.

🆕 NEW ENTRY — 1134 Kelfred Holdings ← Hu Xing, bought 148.0M shares @ HKD 0.35 for ~HK$51.8M; curr 29.59% (new position — 29.59pp from zero) Read: Hu Xing emerged as an overnight 29.6% dominant shareholder of micro-cap Kelfred Holdings in a single disclosed transaction — a concentration at this level in a small-cap almost always precedes a privatisation offer or a control contest.

🆕 NEW ENTRY — 610 Wai Kee Holdings ← China Orient Asset Management International / Sapphire Edge Global Ltd (related entities), 96.1M shares consolidated; curr 12.12% (new aggregate disclosure — 12.12pp from zero) Read: China Orient and its SPV Sapphire Edge filed simultaneous 1004 cessation notices, restructuring an economically unchanged 12.12% Wai Kee stake under a single unified group-level reporting entity.

🆕 NEW ENTRY — 3768 Kunming Dianchi Water Treatment (H) ← Kunming City Water Affairs Group, first ≥5% disclosure; curr 8.42% (new position — 8.42pp from zero) Read: Kunming's state-owned water conglomerate disclosed an 8.42% H-share stake in its own listed water-treatment subsidiary, most likely reflecting the first time dispersed municipal state-entity interests have been aggregated above the HKEX notification floor.

🆕 NEW ENTRY — 6067 Shenzhen Senior Technology Material (H) ← JPMorgan Chase & Co., group aggregate consolidated; bought 9.70M shares @ HKD 7.58 for ~HK$73.5M; curr 7.89% (increased by 6.49pp — group first crossing of 5%) Read: A JPMorgan sub-entity's previously standalone stake in Shenzhen Senior Technology Material was absorbed into the group aggregate, triggering a first notifiable disclosure at 7.89% for the consolidated JPMorgan fund complex.

🆕 NEW ENTRY — 2535 WK Group Holdings ← Eastern Pearl Capital (Caelus Fund SP), bought 147.0M shares @ HKD 0.58 for ~HK$85.5M; curr 7.35% (new position — increased by 4.20pp crossing 5%) Read: Eastern Pearl's Caelus sub-fund crossed 5% in WK Group for the first time; stacked with Neutron Fund's 9.01%, the two Eastern Pearl vehicles together now hold an estimated ~16% of the company across two separate vehicles.

🆕 NEW ENTRY — 9981 Shenzhen Woer Heat-Shrinkable (H) ← JPMorgan Chase & Co., group aggregate consolidated; bought 3.07M shares @ HKD 10.43 for ~HK$32.1M; curr 7.15% (increased by 2.20pp — group first crossing of 5%) Read: JPMorgan folded a sub-entity's standalone Shenzhen Woer position into its group aggregate, pushing the consolidated stake to 7.15% and registering a new first-filing for the JPMorgan fund complex.

🆕 NEW ENTRY — 902 Huaneng Power International (H) ← BlackRock Inc., sub-entity restructuring pushed group above 5%; curr 5.41% (increased by 0.46pp from sub-threshold level) Read: A BlackRock sub-entity ceased its separately notifiable status in Huaneng Power H shares; the consolidated group aggregate crossed 5% for the first time at 5.41%.

🆕 NEW ENTRY — 699 Ningbo Joyson Electronic (H) ← JPMorgan Chase & Co., group aggregate consolidated; bought 1.44M shares @ HKD 12.75 for ~HK$18.3M; curr 5.62% (increased by 0.93pp — group first crossing of 5%) Read: JPMorgan consolidated a sub-entity's Ningbo Joyson Electronic stake into the group aggregate, pushing the combined holding over the 5% disclosure threshold for the first time at 5.62%.

🆕 NEW ENTRY — 3618 Chongqing Rural Commercial Bank (H) ← JPMorgan Chase & Co., bought 1.38M shares @ HKD 6.29 for ~HK$8.6M; curr 5.01% (crossed 5% threshold — increased by 0.06pp) Read: JPMorgan tipped over the 5% disclosure threshold in Chongqing Rural Commercial Bank H shares by a razor-thin margin, establishing a first notifiable position via a modest on-market purchase that likely reflects passive index-weight adjustment.

🏢 BUYBACK — 1951 Jinxin Fertility Group ← BlackRock Inc., issuer repurchase altered notifiable stake; curr 7.21% (decreased by 0.81pp) Read: Jinxin Fertility's repurchase programme reduced BlackRock's declared stake by 0.81pp — the downward move (rather than the percentage rise normally expected when a float shrinks) suggests BlackRock tendered part of its position into the company's buyback offer.

🏢 BUYBACK — 358 Jiangxi Copper (H) ← BlackRock Inc., issuer repurchase altered notifiable stake; curr 4.43% (decreased by 0.61pp, falling below the 5% threshold) Read: Jiangxi Copper's buyback dropped BlackRock's stake below 5% to 4.43%; the percentage decline rather than the anticipated dilution-driven rise signals BlackRock sold into the repurchase rather than remaining a passive bystander.

🏢 BUYBACK — 763 ZTE (H) ← BlackRock Inc., issuer repurchase altered notifiable stake; curr 6.52% (decreased by 0.60pp) Read: ZTE's share repurchase trimmed BlackRock's holding by 0.60pp; a falling percentage on an issuer buyback again points to BlackRock participating in the tender rather than holding passively as the denominator shrank.

🏢 BUYBACK — 1024 Kuaishou ← BlackRock Inc., issuer repurchase altered notifiable stake; curr 4.88% (decreased by 0.54pp, slipping below the 5% threshold) Read: Kuaishou's ongoing repurchase pushed BlackRock below the 5% reporting level at 4.88%, with the percentage drop confirming BlackRock sold into the programme rather than riding a smaller float to a higher proportional stake.

⚙️ OPTION/CONVERSION — 1477 Ocumension Therapeutics ← Suzhou Yunchang Investment Consulting / Zhang Qiping (same controlling interest), subscribed 16.0M new shares @ HKD 4.94 for HK$79.0M; curr 8.74% (decreased by 1.91pp) Read: Zhang Qiping's investment vehicle committed HK$79M to an Ocumension new-share subscription, but the broader capital raise was large enough to dilute the combined controlling stake by 1.91pp even as the absolute share count grew.

⚙️ OPTION/CONVERSION — 9630 Circuit Fabology Microelectronics Equipment (H) ← Norges Bank, subscribed 113,100 new shares @ HKD 303.91 for ~HK$34.4M; curr 8.61% (decreased by 0.76pp) Read: Norway's sovereign wealth fund participated in a Circuit Fabology placement at ~HK$34.4M, but the overall share issuance was sufficiently large to dilute Norges Bank's stake by 0.76pp despite the subscription.