On June 25, Liuliumei (06658.HK) rose 5.48% in regular trading, trading at HK$154.6/share, with turnover of HK$13.69 million. The stock rebounded after two consecutive days of decline, having pulled back approximately 14% from its listing high of HK$165.
The rebound is primarily driven by the stock's extremely scarce float structure. Liuliumei listed on the HKEX on June 15 with a global offering of only 11.46 million H-shares. After deducting 3.39 million shares locked by cornerstone investors, the actual free float stands below 8.1 million shares. Combined with a record 6,586x oversubscription during the public offering, massive unallocated demand continues to chase limited available shares in the secondary market, creating persistent upward pressure on the stock price.
Liuliumei is a leading fruit snack company in China specializing in green plum products. According to Frost and Sullivan, the company ranked first in China's fruit snack industry by retail sales in 2024 with a 4.9% market share, while its signature plum jelly product commands a 45.7% share in the natural-ingredient jelly segment.
(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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