On July 15, Crealights Technology rose 7.09% in regular trading, trading at HK$140.5/share, with turnover of HK$6.45 million.
On the news front, the stock continues its technical rebound after digesting the short-term selling pressure from newly listed overallotment shares. The company fully exercised its overallotment option, issuing 2.0147 million additional H shares at HK$114 per share, which began trading on July 13. The new supply initially triggered a 7.95% decline to HK$118.1 on that day. Following the release of selling pressure, the stock rebounded 5.67% on July 14 and extends its recovery today.
The full exercise of overallotment rights reflects strong market subscription demand, as the Hong Kong public offering recorded approximately 1,297x oversubscription. The additional shares raised net proceeds of approximately HK$219 million, which will be used in accordance with the purposes outlined in the prospectus.
Crealights Technology is a Beijing-based optoelectronic interconnection products provider offering optical modules, active optical cables, and related components, with products widely applied in AI data centers to support high-speed, high-density data transmission.
(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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