On July 28, LAIFUAL fell 5.96% in regular trading, trading at 63.8 HKD/share, with turnover of HKD 2.2115 million.
On the news front, the company announced on July 26 that the stabilization price period officially ended on July 25. During the stabilization period, stabilization agent CMBI Securities continuously purchased a total of 1.2798 million H shares at prices ranging from 58.40 to 85.50 HKD per share. The end of the stabilization period means the price support mechanism is no longer in effect, removing buying support for the stock. Additionally, the overallotment option was only partially exercised on July 25, involving 736,400 H shares at 85.50 HKD each, raising approximately HKD 59.8 million. The stock has been declining since hitting an all-time high of 119.6 HKD on July 7, and the current price remains significantly below the IPO price of 85.5 HKD.
LAIFUAL is a leading Chinese provider of precision transmission core components for robotics, offering harmonic reducers, joint modules, robotic arms, and automation workstations for industrial and humanoid robot applications.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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