On June 2, Guofu Quantum declined 3.25% in regular trading, trading at 5.93 HKD/share, with trading volume of approximately 19.11 million HKD.
On the news front, the company announced on May 25 plans to acquire and subscribe for a combined 19.9% equity stake in Luffa AI Limited for approximately USD 39.8 million (around HKD 310 million). The transaction comprises a USD 19.8 million acquisition of 11.89 million existing shares and a USD 20 million subscription for 10 million new shares. Luffa AI develops decentralized social messaging products based on artificial intelligence and Web3 technology, utilizing end-to-end encryption and distributed infrastructure.
Since the announcement on May 26, the stock has cumulatively fallen over 14% across three consecutive trading days, followed by a brief technical rebound. However, market concern has not dissipated, as investors question the valuation reasonableness and synergy potential given the target company remains in an early development stage and the investment scale is substantial relative to the company's core brokerage business. Today's renewed decline signals that selling pressure from the deal overhang persists.
(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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