Movement Alert|CFMEE Falls 7.4% in Regular Trading, Price Stabilization Period Ends as Controlling Shareholder Plans Share Reduction

Market Focus07-24

On July 24, CFMEE fell 7.4% in regular trading, trading at 306.6 HKD/share, with turnover of HK$16.27 million.

On the news front, the company announced on July 23 that the global offering stabilization price period had officially ended, during which the stabilization price operator did not buy or sell any H shares to stabilize the price. This means stock price support mechanisms have been removed, leaving shares fully subject to market supply and demand. Simultaneously, the company's actual controller and chairman plans to reduce holdings of up to 2.6348 million A shares, further intensifying market concerns over selling pressure.

The company had previously exercised its over-allotment option in full on July 15, issuing 1,925,750 new H shares at HK$252.73 each, expanding total issued share capital by 15% from 12,838,650 to 14,764,400 shares, raising net proceeds of approximately HK$478 million. The stock has declined significantly since mid-July as the market digests dilution effects, and the end of the stabilization period has further weakened buying 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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