On June 8, Sigen New Energy fell 6.75% in regular trading, trading at HK$395.0/share with turnover of HK$29.52 million, breaking below prior lows to hit a new all-time low since listing.

On the news front, the decline is primarily attributed to ongoing selling pressure from newly circulating shares following the full exercise of the overallotment option. The company formally issued 2.036 million H shares at HK$324.20 per share, expanding total issued share capital to 141,768,341 shares. The price stabilization period ended on May 13, after which underwriters ceased providing price support, leaving the market to absorb the incremental supply without intervention.

Within the Electrical Components and Equipment sector, broad weakness further amplified downward pressure. CATL fell 3.8%, Time Interconnect fell 3.88%, JLMAG fell 2.12%, and Zhida Tech fell 3.54%, with the sector failing to generate upward momentum. The company has proposed a share buyback authorization of up to 10% of issued H shares pending shareholder approval at the June 29 annual general meeting.

(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.)