On July 13, Haiguang Xinzheng (01191.HK) fell 6.16% in regular trading, trading at 120.1 HKD/share, with turnover of approximately 24.94 million HKD.

On the news front, the company's overallotment shares officially commenced listing and trading on the Main Board of the Hong Kong Stock Exchange today. According to prior announcements, the overallotment option was fully exercised by the overall coordinator on July 8, involving approximately 2.0147 million H shares at an issue price of 114 HKD per share, raising additional net proceeds of approximately 219 million HKD. The full exercise reflected strong market subscription demand, with the Hong Kong public offering previously recording approximately 1,297 times oversubscription.

The newly listed overallotment shares have increased short-term circulating supply. Additionally, the stock had previously surged on catalysts from its new silicon photonics solution and 6.4T NPO optical engine product debut at MWC Shanghai, but has since experienced significant pullback from recent highs near 198 HKD, with profit-taking pressure compounding the impact of additional share supply.

Haiguang Xinzheng is a national high-tech enterprise specializing in silicon photonic chip design, packaging and testing, high-speed optoelectronic devices, and high-speed optical modules for AI data center applications.

(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.)