Movement Alert|Nobikan Falls 8.54% in Regular Trading, Low Float Structure Amplifies Post-Stock Connect Inclusion Retreat to New 52-Week Low

Market Focus06-26

On June 26, Nobikan (02635.HK) fell 8.54% in regular trading to HK$12.08 per share, with turnover of approximately HK$36.50 million, marking a fresh 52-week low.

On the news front, the company announced on June 23 that its subsidiary Shaanxi Huibo received RMB 40 million in capital injection from five Bo Jiang-affiliated investment funds. The transaction diluted the company's stake from 72% to approximately 66.12%, constituting a connected transaction and deemed disposal. The stock has been in sustained retreat since hitting a record high of HK$83.20 on April 20, the day it was included in Stock Connect, with massive profit-taking creating a classic sell-the-news pattern. The cumulative maximum drawdown now exceeds 85%. With actual free float of only approximately 30 million shares, the extremely low float structure continues to amplify downward pressure amid insufficient liquidity support.

(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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