On July 29, QUANTGROUP fell 10% in regular trading, trading at HK$5.5/share, with turnover of HK$22.15 million. The decline extends severe panic pressure following the previous session's over 60% plunge that hit a record low and triggered the volatility control mechanism multiple times.
On the news front, a massive share deposit anomaly emerged, with a shareholder depositing 58.17 million shares into Fosun International Securities, totaling approximately HK$1.87 billion in deposited market value. The market continues to worry about compliance risks surrounding the company's core platform Yang Xiao Mei's shopping installment model, which closely aligns with regulatory warnings against disguised lending and installment cash-out schemes. Additionally, revenue growth deceleration and recent management changes — including the resignation of non-executive director Zhang Yi on July 20 — have compounded bearish sentiment, accelerating the unwinding of prior concept-driven valuation premiums.
(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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