【100 Cents】Mao Kee Kwai Chung rumored to be preparing for a sale. Ah Bu and Chen Qiang suspected of holding 210 million worth of large stock. Lam Yat Hei's 5-year shareholding restriction period ends in August.

“100 Mao”, “Mao Kee Television,” “Hui Ba Si” parent company Mao Kee Kwai Chung (01716)
Last Friday (March 6), trading was suspended before market open, pending the release of an announcement in accordance with acquisition and merger regulations.
Market rumors suggest that Mao Kee Kwai Chung is preparing to sell, and CCASS holdings have already shown changes.

Latest news (March 11): Major shareholder 65% stake deposited into CCASS suspected to be Ah Bu and Chen Qiang

According to the latest data from the Hong Kong Stock Exchange, a major shareholder of Mao Kee Kwai Chung deposited 65% or 175.5 million shares of Mao Kee Kwai Chung into CCASS on March 5, transferring to a broker’s margin account, with a market value of HKD 212 million.
It is believed that the large deposit holder is Yao Jiahao (Ah Bu) and Lu Jiajun (Chen Qiang).

Having deployed the holdings before suspension, the next moves by the major shareholder will attract market attention. Generally, large-scale deposit actions are seen as precursors to capital activities such as rights issues, major shareholder reductions, or collateralization.

Strong stock performance

Before suspension, Mao Kee Kwai Chung closed at HKD 1.21, up 112.3% since 2026, with a market capitalization of HKD 327 million.

As of the end of September 2025, Mao Kee Kwai Chung reported a mid-term revenue of HKD 51.44 million, a year-on-year increase of 6.7%; net profit was HKD 894,000, a decrease of 78.8% year-on-year.

Shareholding structure and historical review: Lin Rixi, Ah Bu, Chen Qiang

Mao Kee Kwai Chung was founded by Xu Jiahau (stage name “Lin Rixi”), Yao Jiahao (“Ah Bu”), and Lu Jiajun (“Chen Qiang”).

In August 2021, Xu Jiahau (Lin Rixi) transferred 33.3% of his stake in Mao Kee Kwai Chung’s holding company Blackpaper for HKD 8 million to Yao Jiahao (Ah Bu) and Lu Jiajun (Chen Qiang).

At that time, Yao Jiahao (Ah Bu) and Lu Jiajun (Chen Qiang) promised to remain as controlling shareholders of Mao Kee for five years, holding at least 65%, and not to sell related shares during this period. They also agreed to transfer 6.75 million shares of Mao Kee Kwai Chung to employees designated by Xu Jiahau (Lin Rixi).

Employees of Dongfang Sheng and others’ shareholding and lock-up period to expire

In January 2022, Blackpaper transferred 6.75 million shares of Mao Kee Kwai Chung to four selected employees: General Manager Liang Hairui, Creative Director Xu Zhanglin, Art and Design Director Yuan Jinsheng, and Program Manager Wang Jiawei (“Dongfang Sheng”).

Each held 1.6875 million shares (0.6%), and all four are restricted from selling shares for five years, with actions to be coordinated with Lu Jiajun and Yao Jiahao. The lock-up period will expire in August 2026.

Currently, Blackpaper holds 67.5% or 183 million shares.

Famous investor Ken Sir’s holdings

Additionally, the trader known as “Ken Sir”, Lyu Yujian, suddenly made a takeover bid for Mao Kee in 2023, now holding 6% or 16.22 million shares.
Lyu Yujian stated that his reason for buying Mao Kee Kwai Chung was “value investing,” and he has been following Mao Kee’s artist “Dongfang Sheng”.
He also hopes that founder Lin Rixi can return to Mao Kee and collaborate with tutoring star Lin Yixin for live commerce.