Movement Alert｜Guofu Quantum Falls 5.03% in Regular Trading, Luffa AI Acquisition Concerns Continue to Pressure Stock to New Lows

Market Focus06-05

On June 5, Guofu Quantum (00290.HK) fell 5.03% in regular trading, trading at 3.77 HKD/share, with trading volume of approximately 61.83 million HKD. The stock has now reached a fresh low in this round of correction.

On the news front, the company announced on May 25 a plan to acquire and subscribe for a combined 19.9% equity stake in Luffa AI Limited for approximately USD 39.8 million, implying a post-investment valuation of USD 220 million. Luffa AI is primarily engaged in developing decentralized social communication products based on artificial intelligence and Web3 technology, with daily active users of only around 150,000, placing it firmly in the early stage. Since May 26, the stock has experienced sustained selling pressure, with the market questioning both the valuation reasonableness of the target and the strategic synergy with the company's core securities brokerage and margin financing operations. The cumulative decline from the announcement date has been substantial, and today's continued drop suggests investor skepticism remains unresolved.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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