On August 11, NEXCHIP rose 3.16% in regular trading, trading at 33.4 HKD/share, with turnover of 16.48 million HKD.

On the news front, the company's 10,886,900 over-allotment H shares officially listed on the Hong Kong Stock Exchange today at an issue price of 32.30 HKD per share. Despite prior concerns about short-term supply pressure from the new shares — which had contributed to a 3.05% decline in the previous session — the stock rebounded above the over-allotment price, suggesting the selling pressure may have already been absorbed. The over-allotment shares represent approximately 5.04% of the initial global offering, with net proceeds of approximately 345 million HKD.

Additionally, major shareholder Huaqin Communications recently accumulated 22.89 million H shares between July 16 and July 24 at average prices of 32-34 HKD, raising its combined stake to 11.03%, which may be providing fundamental support to the share price near these levels.

(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.)