On August 10, CCTC fell 3.46% in regular trading, trading at 103.5 HKD/share, with turnover of approximately 92.90 million HKD.
On the news front, the company previously announced that the sole overall coordinator partially exercised the over-allotment option on August 5, involving 8,856,900 H shares issued at 100.30 HKD per share. These over-allotment shares officially commenced trading on the Hong Kong Stock Exchange Main Board on August 10, directly increasing H-share circulating supply. Additionally, the global offering stabilization price period ended on August 5, meaning the stabilization price operator no longer provides price support. During the stabilization period, the operator had purchased 1,847,700 H shares at prices ranging from 86.05 to 100.30 HKD per share. The withdrawal of price stabilization support, combined with the formal listing of newly issued shares, concentrated short-term supply pressure, extending the stock's prior downward trend.
(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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