Movement Alert|SHANGHAI FUDAN Falls 5.23% in Regular Trading, Major Shareholder Completes Stake Reduction Amid Semiconductor Sector Selloff

Market Focus07-28

On July 28, SHANGHAI FUDAN fell 5.23% in regular trading, trading at HKD 23.6/share, with turnover of approximately HKD 40.27 million.

On the news front, the company recently disclosed that major shareholder Fudan Fukong, holding over 5% of shares, has completed its plan to participate in ETF fund share subscriptions using its holdings. Fudan Fukong swapped approximately 8.2338 million A-shares through centralized bidding, reducing its stake from 12.35% to 11.35%. Although the company had previously received increased holdings from Morgan Stanley (approximately 469,900 shares at HKD 25.60 per share on July 17) and HSBC Holdings (167,000 shares at HKD 28.52 per share on June 26), the completion of the major shareholder reduction combined with a broad semiconductor sector pullback has weighed on short-term market sentiment.

Within the Semiconductors sector, stocks declined broadly today. Among peers, SMIC fell 1.49%, HUA HONG GRACE fell 6.46%, GIGADEVICE fell 14.07%, MONTAGE TECH fell 9.57%, and ILUVATAR COREX fell 8.54%.

(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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