On June 3, Guofu Quantum declined 3.28% in regular trading, trading at 5.56 HKD/share, with trading volume of approximately 11.04 million HKD.
On the news front, the company announced on May 25 its plan to acquire and subscribe for a combined 19.9% stake in Luffa AI Limited for approximately USD 39.8 million (around HKD 310 million), implying a post-money valuation of USD 220 million. Luffa AI operates a decentralized social communication platform based on AI and Web3 technology, with over 150,000 daily active users as of February. The transaction includes USD 19.8 million for 11.89 million existing shares and USD 20 million for 10 million new shares.
The deal triggered a sharp selloff starting May 26, with the stock plunging over 14% across three consecutive sessions. Despite brief technical rebounds on May 29 and June 1, renewed selling pressure has pushed the stock to fresh lows, indicating persistent market skepticism regarding the valuation reasonableness and strategic synergy of deploying significant capital into an early-stage Web3 venture.
(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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