Shares of ANDRE JUICE, a leading producer of juice concentrates and other beverages, soared by 13.73% on Monday, following a significant shareholder transaction involving the transfer of a sizable stake in the company.

According to a filing with the Hong Kong Stock Exchange, several major shareholders of ANDRE JUICE, including Yantai Lin'an Trading, Shandong Andre Group, Donghua Fruit Industry, and China Pingan Investment, agreed to sell a combined 20 million shares, representing approximately 5.73% of the company's total share capital, to Qu Hao.

The deal, valued at 429.4 million yuan (approximately $62 million), will result in Yantai Lin'an Trading exiting its shareholding in the company, while the other transferring shareholders will see a reduction in their respective stakes. However, the transaction is not expected to impact the company's controlling shareholder or de facto controller.