Weimob Inc (02013.HK) saw its stock price surge 5.35% in Monday's pre-market trading following news that the company's Chairman and CEO, Mr. Sun Taoyong, had significantly increased his stake in the firm. This move has been interpreted by investors as a strong vote of confidence in the company's future prospects.
According to a company announcement, Mr. Sun purchased 4 million shares through his controlled entity, Yomi.sun Holding Limited, in open market transactions on August 22, 2025. The shares were acquired at an average price of approximately HK$2.44 per share, representing a total investment of about HK$9.76 million (US$1.25 million).
This substantial purchase has increased Mr. Sun's and Yomi.sun Holding's combined shareholding to 245 million shares, equivalent to approximately 6.76% of Weimob's total issued shares. The move underscores the CEO's confidence in the company's value and future growth potential, which appears to have resonated positively with the market, driving the stock's pre-market rally.