On June 5, China Hongqiao declined 3.08% in regular trading, trading at HK$26.52 per share, with trading volume of HK$1.439 billion. The stock extended its multi-session selloff as multiple headwinds converged.

On the news front, the company announced on June 2 that the conversion price of its 2025 convertible bonds was adjusted downward from HK$19.36 to HK$18.44 per share, effective June 3, due to a dividend declaration. The revised terms could result in the issuance of up to 126 million new shares upon full conversion, deepening market concerns over equity dilution. Meanwhile, the company's substantial buyback program — which totaled approximately HK$5.286 billion covering 304.34 million shares at prices between HK$32.28 and HK$35.00 — was fully completed and shares cancelled, eliminating what had been a consistent source of buying support. Additionally, southbound funds recorded net selling exceeding HK$3 billion in the prior session, with China Hongqiao among the most heavily sold names.

Within the Aluminum sector, peers also faced pressure: CHALCO fell 2.08%, Nanshan Aluminum International declined 1.46%, while RUSAL rose 2.11%.

(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.)