Movement Alert|Guofu Quantum Innovation Falls 6.27% in Regular Trading, Luffa AI Acquisition Concerns Continue to Drag Stock to New Lows

Market Focus06-09

On June 9, Guofu Quantum Innovation (00290.HK) fell 6.27% in regular trading, trading at HK$3.28/share with a turnover of approximately HK$14.9 million, marking yet another new low in the current correction cycle.

On the news front, the company announced on May 25 its plan to acquire and subscribe for a combined 19.9% stake in Luffa AI Limited for approximately US$39.8 million (about HK$310 million), implying a post-money valuation of US$220 million. Luffa AI is engaged in developing decentralized social communication products based on AI and Web3 technology, with daily active users of only around 150,000, still at an early stage of development.

Since May 26, the stock has experienced sustained selling pressure, with investors questioning the valuation reasonableness and the strategic synergy between Luffa AI and the company's core securities brokerage and margin financing operations. The stock has dropped from approximately HK$5.95 to current levels, reflecting persistent market skepticism toward the large-scale investment in an unproven Web3 venture.

(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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