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.)
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