On July 30, QUANTGROUP rose 8.6% in regular trading, trading at 4.36 HKD/share, with turnover of 74.25 million HKD. The rebound follows consecutive sessions of severe selling pressure, with the stock having plunged over 60% on July 28 and a further 10% on July 29.
On the news front, the company announced that its core founding management team collectively and voluntarily extended their share lock-up period, an unconditional commitment aimed at signaling firm confidence in the company's long-term physical AI development strategy. The company clarified that the prior extreme price volatility was triggered by certain shareholders depositing electronic shares into Standard Chartered Bank and Fosun International Securities, totaling approximately 58.17 million shares with a deposit value of around 1.87 billion HKD, which combined with lock-up expiry concerns to fuel market panic. Management emphasized that no share reduction plans are in place among core executives.
(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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