Movement Alert｜Minglue Tech-W Falls 5.01% in Regular Trading, Major Lock-Up Expiry Pressure Combined with Short-Term Profit-Taking

Market Focus06-18

On June 18, Minglue Tech-W (02718.HK) fell 5.01% in regular trading, trading at 197.8 HKD/share, with turnover of approximately 9.15 million HKD.

On the news front, the company faces its first major lock-up share expiry since listing on July 31, with approximately 124 million restricted shares set to become tradable. Prior to the unlock, the company had only 5.95 million shares in free float, representing just 4.09% of total share capital. Post-unlock, the circulating share count will surge approximately 22 times, creating substantial potential selling pressure.

Although the stock had previously rebounded over 35% in five trading days driven by on-device AI concepts and Agentic AI product developments, the looming unlock pressure has continued to weigh on valuation. Combined with concentrated short-term profit-taking, the stock has now declined for two consecutive sessions, retreating sharply from its recent highs near 230 HKD.

(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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