On June 10, Guofu Quantum fell 6.33% in regular trading, trading at HKD 3.01/share with a turnover of approximately HKD 24.85 million, marking another new low in the current correction cycle.
On the news front, the continued selloff stems from the company's May 25 announcement of a proposed acquisition and subscription of a combined 19.9% stake in Luffa AI Limited for approximately USD 39.8 million, implying a post-money valuation of USD 220 million. Luffa AI is engaged in developing decentralized social communication products based on artificial intelligence and Web3 technology, with daily active users of only around 150,000, still at an early stage. Since the announcement, the stock has experienced a sustained collapse from above HKD 5.50 to the current level, as the market continues to question the valuation reasonableness and the lack of strategic synergy with the company's core securities brokerage and margin financing business. Selling pressure shows no signs of abating as investor confidence deteriorates.
(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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