HK Stock Market Move | EASOU TECH (02550) rebounded by over 30% after a two-day plunge of over 80%. The company will face a huge volume of shares to be unlocked at the beginning of next month.

EASOU TECH (02550) rebounded by more than 30% at one point, after experiencing consecutive two days of sharp decline with a total decrease of over 80% before. At the time of writing, the stock was up 23.38%, trading at 10.08 Hong Kong dollars with a turnover of 271 million Hong Kong dollars. On the news front, around 197 million shares of EASOU TECH's pre-listed shareholders will be unlocked on December 9th. It is worth noting that EASOU TECH has experienced several changes in custody and storage since its listing. On October 14th, there was a change in custody with Central Thai International Securities as the transferring broker and Yuanku Securities as the receiving broker, with a storage transfer ratio of 2.16%; on November 14th, there was a storage change with a storage ratio of 13.65%, and the receiving broker was ZY Bank International Securities. In the article "Preemptive Selling? Stock Price Collapses! What Happened Before the Large Unblocking of EASOU TECH (02550)?" it is pointed out that the brokers with the highest net selling orders in the past two days were Futu Securities, VICTORY SEC, JM Eagle Securities, and Central Thai International. Looking at the placement data, the shares allotted at the listing of EASOU TECH were mainly concentrated in Central Thai International, JM Eagle Securities, Hualiti Securities, Futu Securities, and AAA Securities, holding a total of 14.042 million shares, accounting for 94.87% of the actual circulating share capital. From the transfer data, some of the national placements with Central Thai International and JM Eagle Securities have been transferred to Yuanku Securities and VICTORY SEC respectively, and the brokers selling shares today are all related to these brokers.