According to Caixin, Hong Kong listed company Jingwei Tiandi (02477 HK) announced on the evening of October 21 that its major shareholder, Hengfeng International, sold 716 million shares on the public market at an average price of HKD 0.1494 per share, cashing out approximately HKD 107 million and reducing its shareholding ratio from 24.94% to 10.01%. Hengfeng International is controlled by Qian Fenglei, who holds 78.56% of the shares. Jingwei Tiandi was included in the Hong Kong Stock Connect in March this year. A senior financial observer in Hong Kong told Caixin that Qian Fenglei's extremely low price reduction to cash out suspected another motive, which could be related to the recent heavy monitoring of market manipulation by the Hong Kong Securities and Futures Commission. https://www. (wublock123.com)/news/qian-fenglei-sells-hengfeng-international-discounts-cashes-10-7m-hkd-securities-regulator-probe-70574