Hong Kong Stock Movement | CLOUDBREAK-B (02592) Surges Over 9% Intraday as Largest Single Shareholder Vows to Extend Lock-up Period by Six Months

Stock News2025-12-31

CLOUDBREAK-B (02592) surged more than 9% during the trading session, and as of the time of writing, the stock was up 5.17% to HK$5.29, with a turnover of HK$15.25 million. On the news front, CLOUDBREAK announced that its largest single shareholder, Water Lily, has voluntarily committed to extending the lock-up period for its shares in the company. The extension will commence the day after the original lock-up expiration date (January 3, 2026) and run until July 2, 2026, or an earlier date mutually agreed upon by both parties. Currently, Water Lily holds a total of 157 million shares, representing 18.71% of the company's total share capital. Furthermore, CLOUDBREAK recently issued an announcement stating that its wholly-owned subsidiary, ADS Therapeutics LLC, has submitted a clinical trial application to the FDA for its new presbyopia drug, CBT-199. This drug is a topical ophthalmic emulsion based on a proprietary water-insoluble platform, featuring high stability and a multi-dose design, and aims to improve near vision through miosis.

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