$WEIMOB INC(02013)$ Over the past 9 trading days, domestic investors have bought HKD 2.442 billion, accounting for nearly 27% of the total share capital, becoming the main driver behind this surge. The management pocketed HKD 300 million, with the rest of the sales coming from foreign investors.
Currently, there are no signs of domestic investors selling, and this price manipulation feels more like A-share speculation. With fewer retail investors in the Hong Kong market, such speculation is rare, so it remains to be seen whether HKD 2.7 billion will be able to exit without losses.
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