On July 29, SICC fell 5.02% in regular trading, trading at HK$53.0/share, with turnover of HK$68.37 million.
On the news front, the company's A-share has been in sustained pullback, declining 8.32% cumulatively last week with net institutional outflows of RMB 198 million. Shareholder Liaoning Zhongde and its concert parties reduced their holdings by approximately 4.0194 million shares between late May and early July, lowering their stake from 6.83% to 6.00%. Over the past three months, 36 discounted block trades have been recorded, with persistent selling pressure continuing to suppress valuation. Although Point72 Associates previously increased its position by 411,100 shares at HK$69.93 per share, raising its stake to 5.14%, the overall A/H linkage effect has kept the H-share under pressure, with the stock price retreating significantly from its intra-month high.
(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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