Stock Track | HUAQIN Soars 9.97% Intraday on Fuguo Fund Stake Increase

Stock Track

06/01

HUAQIN's stock price surged 9.97% during intraday trading on Monday, following news of significant institutional buying.

According to Hong Kong Stock Exchange data, Fuguo Fund increased its holding in HUAQIN by 197,800 shares at an average price of HK$85.7104 per share, representing a total investment of approximately HK$16.95 million. This acquisition raises the fund's total stake in the company to 5.7546 million shares, or 6.1%.

The move by Fuguo Fund is seen as a vote of confidence in HUAQIN, potentially driving investor optimism and contributing to the sharp price appreciation.

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