Heng Fa Optical (1134) said major shareholder Tip Fong Holdings Limited has transferred a total of 147 million company shares, or about 29.59% of its issued share capital, to an independent third party, according to Ming Pao.
The company said the share transfer was completed on July 24, and Tip Fong no longer holds any interest in the company. Tip Fong is owned 2% by non-executive director Chan Yin Wah, and 49% each by executive directors Kwok Kwan Fai and Kwok Kwan Yue.