Movement Alert｜BLOKS Intraday Rise 5.3% in Regular Trading, Share Price Rebounds as Market Continues to Digest Controlling Shareholder Sale

Market Focus10-30

On October 30, BLOKS rose 5.3% in regular trading, trading at HK$57.65, with turnover of HK$47.96 million.

The most recent market update indicates the stock’s volatility remains tied to continued digestion of the controlling shareholder’s recent share sale, even as the share price rebounded intraday.

Earlier disclosures showed Smart Bloks, a group member of the controlling shareholder, sold 3.849 million shares at HK$65.28 per share through a block trade, representing about 1.56% of issued shares and raising about HK$251 million. Following the transaction, Zhu Weisong’s overall stake fell to 52.03% from 53.59%, though he remains the controlling shareholder. Recent reports noted that this transaction had pressured short-term investor sentiment and amplified share-price swings.

(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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