On July 14, CFMEE fell 3.28% in regular trading, trading at HK$387.4/share, with turnover of HK$5.0073 million.

On the news front, the company announced on July 13 that its overall coordinator fully exercised the over-allotment option on July 10, involving 1,925,750 H-shares, representing approximately 15.0% of the shares initially available for subscription under the global offering. After deducting underwriting fees, commissions, and estimated expenses, the company will receive additional net proceeds of approximately HK$478 million. The increased float from the newly issued shares may have created short-term supply pressure on the stock.

The stock has retreated substantially from its 52-week high of HK$555 reached shortly after its June 26 IPO, during which it was priced at HK$252.73/share and received over 1,007 times oversubscription in its Hong Kong public offering. Despite strong fundamentals including Q1 new orders exceeding RMB 800 million and a breakthrough order for its PLP 2000 panel-level packaging lithography equipment, short-term dilution concerns appear to be weighing on sentiment.

(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.)