Powell Max stock surges after shareholder transaction

Powell Max Ltd. shares surged 70.48% in pre-market trading, reaching a 20-day high. This movement follows significant news regarding a shareholder transaction that has captured investor attention.\n\nThe company's controlling shareholder, Po Man Stella Leung, sold all shares of Bliss On Limited to ECF Limited, which will acquire indirect beneficial ownership of Powell Max shares. This transaction is expected to influence the company's future direction, although it will not affect the registered share holdings or board composition.\n\nDespite the recent surge, Powell Max has experienced a significant decline of 90.79% over the past year. Investors are closely monitoring the company's performance and market capitalization, which currently stands at $6.57 million.