Movement Alert|SMOORE INTL Intraday Decline 3.15%, Major Shareholder Stake Reduction Enters Execution Phase

Market Focus08-05

On August 5, SMOORE INTL declined 3.15% in regular trading, trading at HK$8.76 per share, with turnover of approximately HK$74.47 million. The decline was driven by mounting concerns that a major shareholder's stake reduction plan has entered actual execution.

EVE Energy's wholly owned subsidiary EBIL announced plans to divest up to 3.5% of SMOORE INTL shares (approximately 215 million shares) within the next 12 months. Hong Kong Stock Exchange data revealed that on July 29, 500 million shares were transferred from HSBC to Citibank, with total transfer value exceeding HK$4.335 billion, representing 8.08% of total share capital. The market interprets this custodian transfer as a signal that the divestment has moved into the implementation stage. Additionally, Daiwa previously downgraded the company to a Hold rating with a target price sharply cut to HK$7.6, citing that valuation has already fully reflected medium-to-long-term potential.

(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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