On July 16, Three-Circle Group (06951.HK) declined 4.31% in regular trading, trading at HK$99.9 per share with turnover of HK$10.79 million, breaking below the IPO price of HK$100.30 set during its July 9 listing.

On the news front, HKEX data revealed that on July 15, the company saw significant position transfers totaling HK$347 million, representing 4.53% of outstanding shares. Specifically, 2.23 million shares were transferred into Galaxy Securities Hong Kong, while 564,300 shares were transferred out from Jefferies Hong Kong, signaling active institutional repositioning. This followed an earlier transfer on July 13 of HK$717 million (9.57% of shares), with 2.86 million shares moved to HSBC Hong Kong and 1.05 million shares transferred out from Futu Securities.

The company listed on July 9 after a heavily oversubscribed IPO (327x for the Hong Kong public offering), raising net proceeds of approximately HK$7.05 billion. Despite strong Q1 earnings showing 46.25% revenue growth and 48.48% net profit growth, along with a prior rally driven by structural MLCC shortages and price increases, the stock has now fully retraced its post-listing gains within just one week of trading.

(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.)