On June 26, Lopal Tech (02465.HK) fell 5.17% in regular trading, trading at HK$11.93/share, with turnover of HK$53.80 million. The stock has now declined approximately 8.7% below the HK$13.09 per share placement price.
The decline follows the completion of a 15 million new H-share placement on June 22 at HK$13.09 per share, representing an 8.91% discount to the pre-placement closing price. The offering raised net proceeds of approximately HK$194 million, expanding total H-shares from 120 million to 135 million and diluting the controlling shareholder's stake from 30.69% to 30.11%. Funds are earmarked for the Jintan project working capital and partial repayment of a RMB 130 million bank loan maturing in August.
The stock has traded consistently below the placement price since the offering closed, compounding pressure from a RMB 28.61 million tax remediation charge at a controlled subsidiary and consecutive annual losses in the prior two fiscal years. The company has confirmed no undisclosed material information exists.
(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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