On July 3, Dajin Heavy Industry fell 5.25% in regular trading, trading at HK$60.6/share, with turnover of HK$4.789 million.

The decline was triggered by the formal conclusion of the company's IPO stabilization period on July 2. During the stabilization period, Huatai Financial Holdings purchased approximately 12.68 million H shares on the open market at prices ranging from HK$58.1 to HK$66.4 per share to support the stock price. With this buying support now withdrawn, selling pressure has intensified.

The overallotment option was only partially exercised for 2.33 million shares at HK$66.40, raising additional net proceeds of approximately HK$151.3 million. Out of the 15 million shares initially over-allocated in the international offering, 12.68 million were covered through open market purchases, with only the remainder fulfilled via the partial exercise. Meanwhile, the company was simultaneously added to both Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect on the same day, though short-term northbound capital inflows have not been sufficient to offset the post-stabilization selling pressure.

(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.)