Movement Alert｜BLOKS Falls 5.09% in Regular Trading, Controlling Shareholder Stake Sale Continues to Weigh on Sentiment

Market Focus10-29

On October 29, BLOKS fell 5.09% in Regular Trading, trading at HK$54.05, with turnover of HK$57.28 million.

The latest market-moving factor in public information is continued pressure from the earlier stake sale by the controlling shareholder group member Smart Bloks, which has kept short-term investor sentiment under strain.

Previously, Smart Bloks sold 3.849 million shares at HK$65.28 per share through a block trade, representing about 1.56% of issued shares and raising roughly HK$251 million. After the disposal, Zhu Weisong’s overall stake fell from 53.59% to 52.03%, though he remained the controlling shareholder. Public reports and broker commentary indicated the transaction was expected to weigh on near-term sentiment even as control of the company remained unchanged.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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