Movement Alert｜CCTC Falls 3.37% in Regular Trading, Stabilization Period Ends Removing Underwriter Support as Over-Allotment Increases H-Share Supply

Market Focus08-07

On August 7, CCTC fell 3.37% in regular trading, trading at HK$100.4/share with turnover of HK$22.21 million, approaching its IPO price of HK$100.30.

On the news front, the company announced on August 5 that the global offering stabilization period had officially ended, meaning the stabilization price operator will no longer provide stock price support. During the stabilization period, shares were repurchased at prices between HK$86.05 and HK$100.30, with the last purchase occurring on August 4 at HK$100.10. Simultaneously, the sole overall coordinator partially exercised the over-allotment option on August 5, involving approximately 8.86 million H shares at HK$100.30 per share, representing about 12.41% of total shares available under the global offering. These additional shares are expected to commence trading on August 10, further increasing circulating supply. The removal of underwriter price support combined with anticipated new share supply continues to pressure the stock, extending the decline from the previous trading session.

(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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