Bollcoin, October 23 — According to Caixin, Hong Kong-listed company Jingwei Tiandi announced on the evening of October 21 that major shareholder Hengfeng International sold 716 million shares on the open market at an average price of HK$0.1494 per share, cashing out about HK$107 million. Hengfeng International is controlled by wealthy Zhejiang businessman Qian Fenglei (78.56% stake). After the reduction, Hengfeng's stake in Jingwei Tiandi fell from 24.94% to 10.01%. Jingwei Tiandi was included in Southbound Stock Connect in March 2026, allowing mainland investors to trade it directly; the major shareholder's reduction is expected to deliver a “shock” to southbound investors.