DAHON TECH (02543), mainland China's largest folding bicycle company, saw its stock soar by 5.27% in Monday's pre-market trading session. This significant uptick comes on the heels of news regarding a substantial share transfer by one of the company's shareholders.

According to data from the Hong Kong Stock Exchange, a shareholder of DAHON TECH transferred shares worth HK$52.3476 million from Citibank to Goldman Sachs (Asia) Securities on September 12. This transfer represents a considerable 13.11% stake in the company, potentially signaling increased institutional interest in the stock.

DAHON TECH, which recently became the new "oversubscription king" of Hong Kong stocks during its IPO, has been attracting significant investor attention. The company's public offering received approximately 223,900 valid applications with an oversubscription ratio of 7,558.4 times, surpassing the previous record set by Mao Geping in 2018. Industry analysts, including Guoyuan International, have highlighted DAHON TECH's leading position in the bicycle industry segment and its growth potential, despite its valuation being higher than the industry average.