On May 22, Sigre New Energy fell 3.98% in regular trading, trading at HKD 502.5 per share, with trading volume of approximately HKD 15.78 million.
On the news front, the company formally issued 2,036,000 H shares on May 18 pursuant to the full exercise of the over-allotment option at an issue price of HKD 324.20 per share, increasing total issued shares from 139,732,341 to 141,768,341. The newly circulated shares, combined with the expiration of the price stabilization period on May 13 — after which underwriters no longer provide price support — have continued to generate short-term selling pressure. The stock has experienced multiple sessions of volatility since the shares were officially listed for trading, as the market digests the additional supply.
(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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