Movement Alert|LUXSHARE ICT Declines 3.14% in Regular Trading, Goldman Sachs Reduces Stake as Over-Allotment Shares Begin Trading

Market Focus08-11 09:39

On August 11, LUXSHARE ICT fell 3.14% in regular trading, trading at 60.4 HKD/share, with turnover of HK$15.39 million. The stock price slipped further below its IPO issue price of HK$63.28.

On the news front, the Hong Kong Stock Exchange disclosed that Goldman Sachs Group reduced its long position in LUXSHARE ICT H-shares from 20.17% to 18.49% as of August 5, a decrease of 1.68 percentage points. Concurrently, approximately 12.54 million H-shares issued through partial exercise of the over-allotment option officially commenced trading on August 10, increasing short-term circulating supply. The new shares were issued at HK$63.28 each, raising approximately HK$789 million in net proceeds.

The broader Electronic Components sector also showed weakness, with FIT HON TENG down 7.95%, VGT down 4.23%, and KINGBOARD HLDG down 2.23%, reflecting broad-based selling pressure across the industry.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment