EASTROC's stock price soared 5.14% during intraday trading on Monday, reflecting a significant positive movement in the market.
The surge followed an announcement that the company's controlling shareholder and chairman, Mr. Lin Muqin, has launched a share accumulation plan to purchase between HK$100 million and HK$200 million worth of the company's H shares over a twelve-month period. The plan, funded entirely from his personal capital, signals strong insider confidence in EASTROC's future and is a key driver behind the stock's upward momentum.
Mr. Lin has already begun executing the plan with an initial purchase of 49,800 H shares. The initiative is subject to market conditions but represents a substantial commitment from the company's leadership, providing a positive catalyst for investor sentiment.