Movement Alert｜CONCH VENTURE Rises 5.26% in Regular Trading, Largest Shareholder Completes Stake Increase to 21% Target

On July 23, CONCH VENTURE rose 5.26% in regular trading, trading at HKD 8.79/share, with turnover of HKD 39.5 million.

On the news front, the company's single largest shareholder, Anhui Conch Group, has completed its stake accumulation through secondary market purchases, reaching the previously announced target of approximately 21%. Conch Group stated the increase reflects its firm confidence in the company's future development and long-term strategic investment considerations. The group plans to reconstitute the board as appropriate and consolidate CONCH VENTURE's financial results into its own financial statements, while committing to maintain the company's independent operations and a stable dividend policy.

The stock had suffered a severe short-selling attack on July 13, plunging as much as 30% in a single session. Conch Group subsequently conducted intensive purchases, raising its stake from approximately 12% to 21%, with cumulative purchase prices ranging between HKD 8.98 and HKD 10.20 per share. As recently as July 21, the stock had fallen below the group's latest average purchase price, but completion of the 21% target appears to have boosted market confidence and triggered today's rebound.

(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.)