According to the latest data from the Hong Kong Stock Exchange, on September 12, a shareholder of DAHON TECH (02543) transferred shares from Citibank to Goldman Sachs (Asia) Securities, with a transfer value of HK$52.3476 million, representing 13.11% of the company.

DAHON TECH is mainland China's largest folding bicycle company, ranking first in both retail volume and retail value of folding bicycles in 2024. The company's allocation results announcement showed that its Hong Kong public offering received approximately 223,900 valid applications with an oversubscription ratio of 7,558.4 times, far exceeding the previous record of 6,289 times set by Mao Geping in 2018, making it the new "oversubscription king" of Hong Kong stocks.

Guoyuan International previously commented that the company is a leader in the bicycle industry segment and is in a growth phase. The IPO had a total market capitalization of HK$1.567 billion, with the offering price corresponding to a static PE ratio of approximately 27.4 times, higher than the industry average valuation of 22 times.