On June 15, Tuopu CNC (07688.HK) declined 5.26% in regular trading, trading at 32.06 HKD/share, with turnover of 5.2075 million HKD.

The decline comes as multiple headwinds converge: the price stabilization period officially ended on June 14, the full exercise of the over-allotment option introduces new share supply, and the broader Hong Kong-listed newly listed stocks sector continues to face persistent selling pressure. According to a company announcement, the overall coordinator fully exercised the over-allotment option on June 14, involving 9.7995 million H shares — approximately 15% of the shares initially available under the global offering — to be issued at 26.39 HKD per share. These additional shares are expected to begin trading on June 17. Notably, the stabilization price operator did not conduct any market buy/sell operations during the stabilization period, suggesting market prices were sustained without intervention.

Tuopu CNC listed on May 20 at an issue price of 26.39 HKD, surging approximately 80% on its debut, but has since undergone multiple rounds of correction despite brief rebounds driven by the commercial aerospace sector.

Tuopu CNC is a China-based company primarily engaged in the R&D, design, production, and sale of five-axis CNC machine tools, with applications across aerospace, automotive, energy, medical devices, and shipbuilding industries, holding a leading position in China's aerospace five-axis CNC machine tool market.

(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.)