On August 13, HORIZONROBOT-W fell 3.07% in regular trading, trading at HKD 5.065/share, with turnover of HKD 610 million.

On the news front, the stock is retracing gains accumulated over the prior trading sessions as the market continues to digest the dilutive impact of the CARIAD share issuance completed on August 3. The company issued approximately 1.302 billion Class B ordinary shares to CARIAD at HKD 3.99 per share, representing a roughly 20% discount to the prevailing market price, totaling approximately HKD 5.2 billion in scale. CARIAD's post-transaction stake is locked at 9.9% with a 12-month voluntary lock-up commitment.

The stock had rebounded from late last week through Monday as the initial dilution shock was absorbed, but today's pullback indicates the market remains in a volatile repricing process regarding this large-scale discounted placement. Short-term selling pressure expectations have been partially alleviated by the lock-up arrangement, though full price discovery appears ongoing.

(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.)