Shares of EASY SMART GP (02442) have surged by more than 25% once again, pushing its total market capitalization above 25 billion Hong Kong dollars.

At the time of writing, the stock was up 21.11%, trading at HKD 59.95 with a turnover of HKD 24.29 million.

The recent price movement follows an announcement from the company regarding its controlling shareholder.

The company disclosed that its controlling shareholder, Tianfu International Group, has completed the placement of a total of 37.81 million shares, representing approximately 9.27% of the issued share capital.

Upon completion of this transaction, Tianfu International Group's stake in the company stands at about 65.73% of the total share capital.

It is noteworthy that the company's interim results for the period ending last December showed a revenue of approximately HKD 139 million, marking a decrease of 24.24% year-on-year.

The company reported a net loss of HKD 5.089 million for the period, a shift from a profit to a loss compared to the same period last year.