Realord Technology dives to 10-year low as key shareholder sells stake

Realord Technology

30/07/2026 06:26

** Shares of Realord Technology Company 1196.HK plunge 67.2% to HK$3.14, their lowest level since July 2016
** Stock drops most since debut in January 1997
** Scrap materials dismantling and processing group said shareholder Manureen Holdings sold 170 mln shares, or 11.79% stake, to Great Ploy Investment for HK$850 mln ($108.37 mln), reducing its shareholding in the company to 50.83%  
** Great Ploy Investment was an independent third party before the deal, and it acquired the shares as strategic investment - Realrod
** YTD, stock down 76.1%, while benchmark Hang Seng Index .HSI up 0.3%
     
     
     
     
($1 = 7.8434 Hong Kong dollars)

(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))