On July 21, CFMEE (09630.HK) fell 5.06% in regular trading, trading at HKD 288.6/share, with turnover of HKD 3.28 million.
The decline is driven by persistent selling pressure following the full exercise of the over-allotment option on July 15. The company issued 1,925,750 new H shares at HKD 252.73 each, representing 15% of previously issued shares, expanding total issued capital from 12,838,650 to 14,764,400 shares. The additional offering raised approximately HKD 478 million in net proceeds.
Since the new shares began trading in mid-July, the stock has cumulatively declined over 22%, weighed down by the supply expansion, dilution effects, and institutional selling — including Norges Bank reducing its position by 170,000 shares on July 3. Although the stock briefly rebounded 5.32% on July 20, the relief proved short-lived as the market continues to digest the enlarged free float. Trading volume remains subdued relative to earlier sessions, suggesting limited buying conviction at current levels.
(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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