On August 3, CHINAHONGQIAO fell 3.02% in regular trading, trading at HK$23.74/share, with turnover of HK$58.62 million.

On the news front, the company announced on July 31 that its non-wholly-owned subsidiary Hongqiao Holdings (002379.SZ) plans to conduct a non-public share issuance to no more than 35 specific investors, raising total proceeds of up to RMB 12 billion (approximately HK$13.863 billion). The maximum number of shares to be issued is capped at 10% of the total issued shares prior to the offering. Upon completion, CHINAHONGQIAO's stake in Hongqiao Holdings would decrease to approximately 80.90%, with the equity dilution effect drawing market attention.

The broader aluminum sector also faced selling pressure, with CHALCO down 1.42%, NANSHAN AL INTL down 2.06%, CHUANGXIN IND down 0.54%, RUSAL down 0.33%, while XINGFA ALUM gained 0.79%.

(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.)