Powell Max shares surge 53.74% pre-market after ECF acquires indirect beneficial ownership from former controlling shareholder.

Powell Max Limited (PMAX) surged 53.74% in premarket trading following a significant ownership change. The company disclosed that Po Man Stella Leung, the former controlling shareholder via Bliss On Limited, sold all shares to ECF Limited, a British Virgin Islands entity. This transaction transferred indirect beneficial ownership of Powell Max to ECF, which intends to file a Form 13D with the SEC. The move, detailed in a 6-K filing, indicates a strategic shift in corporate control but emphasized no immediate changes to the board, executive team, or operations. The sharp premarket rise suggests investor optimism about the new ownership structure, potentially signaling improved governance or strategic direction.