HK Stock Market Move | EASY SMART GP (02442) has retraced more than 29% from its peak. After resuming trading for less than two months, the stock price had previously surged by 4.4 times.

EASY SMART GP (02442) recently experienced a high level of profit-taking of over 29%. It is worth noting that the stock resumed trading on December 3rd of last year, with a price surge of 67% on the same day. It continued to climb for several days and by January 26th, the cumulative increase was as much as 4.4 times. At the time of writing, it had dropped by 29%, to HK$18.63, with a trading volume of HK$110.388 million. In terms of news, on December 2nd of last year, EASY SMART GP announced that on November 21st, 2025, Tianfu International Group Limited completed the acquisition of 306 million shares from Dingrun Investment Limited, equivalent to 75% of the total issued share capital of the company at the time of the joint announcement, for a total cash consideration of HK$230 million. According to Rule 26.1 of the Takeovers Code, the offeror must make an offer for all the shares issued that have not yet been owned or agreed to be acquired by the offeror and its concert parties. The cash offer price per share is HK$0.7517, at a discount of approximately 84.40% to the closing price of HK$4.82 per share on the final trading day reported in the Stock Exchange. Additionally, on January 21st, EASY SMART GP announced that the company received notification from its controlling shareholder Tianfu that on January 21st, 2026, Tianfu sold a total of 2000 shares in the market, representing approximately 0.00049% of the total issued shares as of the announcement date. Following the sale, the total number of shares held by the public was 102 million, accounting for 25.00% of the total issued shares, while Tianfu held a stake in 306 million shares, accounting for approximately 75.00% of the total issued shares. Therefore, in accordance with Rule 13.32B of the Listing Rules regarding the minimum public shareholding requirement (25% of the total issued shares), it has been restored.