Movement Alert｜Mininglamp Technology-W Falls 5.36% in Regular Trading, Zero-Cost Share Issuance and Massive Lock-Up Expiry Weigh on Stock

Market Focus07-09

On July 9, Mininglamp Technology-W fell 5.36% in regular trading, trading at 151.9 HKD/share, with turnover of HKD 14.75 million.

On the news front, the company disclosed on July 8 that 7.42 million A-class ordinary shares were issued at zero cost per share through the exercise of stock options under legacy share plans, representing approximately 5.68% dilution of previously issued share capital. Total issued shares increased from 130.63 million to 138.05 million.

Compounding the dilution pressure, the company faces its first major post-IPO lock-up expiry on July 31, with approximately 124 million restricted shares — representing roughly 85% of total share capital — set to become tradeable. This would increase free float by approximately 22 times. Multiple international investment banks including Morgan Stanley and Goldman Sachs have warned of an intensifying HK stock lock-up expiry wave, with Goldman estimating USD 274 billion worth of restricted shares to unlock over the next 12 months. Historically, affected stocks decline 4%-7% in the three to six months following unlock events. Extremely low trading volume reflects prevailing wait-and-see sentiment.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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