HK Stock Market Move | Eastroc Beverage (09980) saw a temporary increase of over 10%. Major shareholder Lin Muqin plans to invest up to 200 million Hong Kong dollars in increasing their stake in H shares in the next year.

Eastroc Beverage (09980) once rose more than 10%, as of writing, it is up 7.18% at 141.8 Hong Kong dollars, with a turnover of 58.51 million Hong Kong dollars. On the news side, on the evening of May 29, Eastroc Beverage announced that the company had received a notification from its controlling shareholder Mr. Lin Muqin on May 29 that he planned to increase his H-shareholding by 49,800 shares, accounting for approximately 0.0069% of the company's total share capital through the Shanghai Stock Exchange trading system (including the Hong Kong Stock Connect) and the trading system of the Hong Kong Stock Exchange. The announcement stated that based on a high appreciation of the company's intrinsic value and confidence in its future stable development, Mr. Lin Muqin plans to increase his H-shareholding within 12 months, with a planned increase amount not less than 100 million Hong Kong dollars and not exceeding 200 million Hong Kong dollars.