On July 13, Quantgroup fell 5.08% in regular trading, trading at HK$13.09 per share, with turnover of approximately HK$88.95 million.

The decline is a continuation of selling pressure triggered by the company's discounted share subscription announcement on July 9. Quantgroup entered into a share subscription agreement with a wholly-owned subsidiary of GoFintech Quantum Innovation (0290.HK) to issue approximately 4.60 million new shares at HK$13.05 each, representing a 14.98% discount to the July 9 closing price of HK$15.35. The placement aims to raise gross proceeds of HK$60 million, with 40% allocated to smart hardware procurement and commercialization, 30% to physical AI base model R&D, and 30% to general working capital. The subscription shares represent approximately 0.88% of the enlarged share capital.

The discounted placement news already triggered a decline exceeding 10% on July 10. Notably, the stock had surged nearly 70% on July 7 driven by embodied intelligence concepts, and profit-taking combined with the dilutive effect of the new issuance continues to pressure the share price.

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