On July 28, SHANDONG MOLONG fell 8.02% in regular trading, trading at HKD 4.81/share, with turnover of HKD 135 million.

The decline is driven by a combination of dilution pressure from a discounted H-share placement and the unwinding of prior speculative gains. The company previously announced a placement of approximately 25.68 million new H-shares at HKD 4.58 per share under a general mandate, representing an 18.94% discount to the then-closing price. The placement shares account for approximately 10.03% of existing H-shares, with net proceeds of approximately HKD 116 million earmarked for debt repayment and working capital.

Additionally, the stock had previously rallied sharply on US-Iran conflict escalation that pushed Brent crude above USD 91 per barrel, with A-shares triggering abnormal trading alerts after cumulative gains exceeding 20% over two sessions. The company explicitly confirmed no undisclosed material matters exist. The current decline reflects continued unwinding of speculative positioning as geopolitical tensions ease following reports of a ceasefire resumption between the US and Iran.

(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.)