HK-listed CaoCao rises on management's voluntary lock-up of shares

CaoCao

17/12/2025 02:55

** Shares of online ride hailing platform operator CaoCao Inc 2643.HK rise 5.1% to HK$34.48, on course for the biggest one-day pct gain since Dec 4 and snapping six straight sessions of decline

** Company said 19 management members undertook to the company that for a period until June 24, 2026, they would not sell the company shares they acquired under the Pre-IPO Share Incentive Plan

** Company says the voluntary undertakings by the relevant management members to lock up their shareholdings demonstrate their confidence in the company

** Since debut on June 25 in Hong Kong, shares of CaoCao are down 18.3% so far from their IPO price of HK$41.94 apiece

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))