On July 17, CFMEE (Circuit Fabology Microelectronics Equipment) fell 6.62% in regular trading, trading at 310.4 HKD/share, with turnover of HK$18.84 million.
The decline is primarily driven by persistent selling pressure following the listing of new shares issued under the full exercise of the over-allotment option. On July 15, the company issued and allotted 1,925,750 new H shares at HK$252.73 per share, raising approximately HK$487 million. The issuance represents a 15% increase in previously issued shares, expanding total issued capital from 12,838,650 to 14,764,400 shares, creating significant dilution.
Since its H-share listing on June 26, the stock has retreated continuously from its first-day high, when it surged nearly 74% above the IPO price. The concentrated circulation of over-allotment shares combined with institutional selling — notably Norges Bank reducing its position by 170,000 shares on July 3 — has sustained short-term supply pressure, driving the stock lower across multiple consecutive trading sessions.
(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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