Hong Kong Stocks Movement | CLOUDBREAK-B (02592) Plunges Over 18%, Hits New Listing Low as Lock-up Expires Today

Stock News01-05

CLOUDBREAK-B (02592) plummeted more than 18%, hitting a new low since its listing at HKD 3.69 during the trading session. As of the time of writing, the stock was down 18.18%, trading at HKD 3.69, with a turnover of HKD 9.8438 million. On the news front, January 5th marked the official expiration of the lock-up period for the company's cornerstone investors. According to a previous company announcement, the final date for the sales restrictions applicable to its cornerstone investors, Fuce Holding Co., Ltd. and The Reynold Lemkins Group (Asia) Limited, was January 2, 2026, involving the release of approximately 17.72 million shares. Previously, on January 2nd, CLOUDBREAK-B announced that cornerstone investor Fuce Holding Co., Ltd., which holds a 1.84% stake, voluntarily extended its share lock-up period; the original lock-up was set to expire on January 2, 2026, and has now been extended by six months to July 2 of this year.

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