EASOU TECH (02550) Shareholders Transfer Shares from Shanghai-Hong Kong Stock Connect to Bank of China (Hong Kong), Transfer Value HK$79.10 Million

Stock News
Sep 11

According to the latest data from the Hong Kong Stock Exchange, on September 10, shareholders of EASOU TECH (02550) transferred their holdings from the Shanghai-Hong Kong Stock Connect to Bank of China (Hong Kong), with a transfer value of HK$79.1023 million, representing 5.61% of the company's shares.

Recent announcements from the Shanghai Stock Exchange and Shenzhen Stock Exchange indicated that EASOU TECH has been removed from the Stock Connect eligible securities list, effective from September 8. The latest data shows that Stock Connect holdings in EASOU TECH still account for a significant 47.63% of total shares.

In the first half of this year, EASOU TECH achieved revenue of approximately HK$382 million, representing a year-on-year increase of 37.6%. The profit attributable to owners of the parent company reached HK$10.404 million, marking a substantial growth of 207.36% compared to the same period last year.

The company attributed the revenue growth primarily to increased income from digital marketing services and digital reading platform services.

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