NANSHAN AL INTL (02610) saw its stock price plummet by 5.75% during intraday trading on Friday, marking a significant downward movement.

The sharp decline follows news that a major shareholder deposited shares worth HK$2 billion with Huatai Hong Kong, representing approximately 5% of the company's total shares. Such a deposit can often signal potential future selling activity or the use of shares as collateral, creating apprehension among investors. Separately, the company recently allotted and issued 31 million new shares pursuant to a placing and subscription agreement, which dilutes existing shareholders' stakes.

These two developments—the large shareholder deposit and the fresh share issuance—are likely key factors behind the selling pressure and negative investor sentiment observed in the session.