Movement Alert|LUXSHARE ICT Rises 3.95% in Regular Trading, Over-Allotment Shares Listed Today as Stock Connect Inclusion Drives Capital Inflow

Market Focus08-10 09:37

On August 10, LUXSHARE ICT rose 3.95% in regular trading, trading at HK$63.85/share with turnover of HK$108 million. The stock has recovered above its IPO price of HK$63.28.

On the news front, the company's over-allotment shares officially began trading on the Hong Kong Stock Exchange today. The overall coordinator partially exercised the over-allotment option on August 5, involving 12,541,900 H shares issued at HK$63.28 each, raising approximately HK$789 million in net proceeds. The total H shares increased from 383,472,800 to 396,014,700, representing about 3.27% of the initial global offering shares.

Additionally, LUXSHARE ICT was included in the Shenzhen-Hong Kong Stock Connect eligible securities list effective August 6, formally opening the mainland capital channel. Goldman Sachs previously increased its position by 2.6 million shares at approximately HK$58.36 per share on July 28, while Bank of New York Mellon raised its H-share stake to 10.82%.

(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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