On July 20, Luxshare Precision fell 3.27% in regular trading, trading at 52.35 HKD/share, with turnover of approximately 87.96 million HKD. The stock has now declined over 18% from its IPO price of 63.28 HKD.
On the news front, the company's convertible bonds (code 128136) officially resumed conversion on July 20 following a suspension since July 7 due to the annual equity distribution plan. The adjusted conversion price is 55.67 yuan per share, down from 55.81 yuan. The resumption of conversion introduces potential dilution pressure as bondholders may convert to equity and sell shares.
Additionally, the stock has been under sustained selling pressure since its July 9 Hong Kong listing, which raised approximately 240 billion HKD as the largest HK IPO this year. International placement investors have been stop-loss selling, while market concerns over Apple accounting for 56.7% of revenue and consumer electronics comprising over 80% of income persist. The A-share counterpart fell 5.73% on July 17 with 973 million yuan in net institutional outflows, amplifying AH linkage pressure.
(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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