HK Stock Market Move | EASOU TECH (02550) surged more than 16% on high volume, with multiple unusual transfers in recent days. The company's current market value may have difficulty maintaining its listing on the Hong Kong Stock Connect.

EASOU TECH (02550) volume surged more than 16%, at the time of publication, it was up 11.96% at HK$5.15, with a trading volume of HK$2.33 billion, and a current total market value of less than HK$1.7 billion. Public information shows that EASOU TECH operates four business lines including digital reading platform services, digital marketing services, online game distribution services, and other digital content services. It is worth noting that EASOU TECH has recently experienced multiple changes in its stock holdings. On December 6, the stock experienced a change in its holdings with a ratio of 17.64%, held by China International Securities; on December 9, another change in holdings occurred with a ratio of 5.98%, held by Tiger Securities Hong Kong Global; on December 11 and 12, there were further changes in holdings with a total of nearly 14% of shares transferred to the Hong Kong Stock Connect (Shanghai). In addition, Hang Seng Index Company will announce the semi-annual review results of the Hang Seng series indices on February 21, involving the major flagship indices of Hang Seng, H-share, and Hang Seng Technology, as well as the Hang Seng Composite Index closely related to the investment scope of Hong Kong stock connects. In the article "Will the 2 billion shares unlocked lead to a collapse in the stock price, causing EASOU TECH (02550) to engage in the 'Protect Connect' battle?", it is pointed out that in the case of insufficient fundamental performance, it has increased the support cost for Yisou's main funds in the future. The capital operation method that saw a rise at the end of the month is no longer suitable. Although the daily average market capitalization of EASOU TECH can still meet the requirements for the next "Protect Connect" application, the trend of the company's daily market capitalization is moving further away from the minimum "Protect Connect" threshold.