Powell Max shares surge 29.52% premarket as ECF acquires controlling stake via indirect beneficial ownership transfer.

Powell Max Limited surged 29.52% in premarket trading following the announcement that ECF acquired indirect beneficial ownership of shares previously held by Bliss, effectively ending Po Man Stella Leung’s status as the controlling shareholder. The SEC filing disclosed on October 30, 2025, signals a strategic shift in ownership, potentially signaling new management direction or operational restructuring. This development aligns with the stock’s sharp pre-market rise, as investors likely interpreted the change as a catalyst for future growth or stability. Other mentions of price movements (e.g., 49.77% or 32.59%) reference different timeframes or sessions and are not directly tied to the December 2 pre-market activity.