On June 30, Zhongke Wenge (01956.HK) fell 9.78% in regular trading, trading at 82.0 HKD/share, with turnover of approximately 4.06 million HKD.

On the news front, Xinhuanet announced on June 29 that its wholly-owned subsidiary, Xinhuanet Asia-Pacific Limited, plans to sell up to 477,600 shares of Zhongke Wenge within twelve months. The estimated transaction amount is approximately 53.35 million HKD, against a book cost of 28.99 million HKD. Notably, Zhongke Wenge only listed on June 26 at an offer price of 60.70 HKD, meaning the reduction plan came merely four days after the IPO. The stock closed at 111.7 HKD on its debut but has since retreated over 26% from that level. Xinhuanet stated the disposal aims to optimize its asset structure and improve return on assets. Zhongke Wenge received approximately 5,967 times oversubscription during its public offering and raised net proceeds of roughly 827 million HKD.

Zhongke Wenge is an enterprise-level AI technology and service provider founded by a team from the Chinese Academy of Sciences Institute of Automation, specializing in large-model-driven decision intelligence solutions.

(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.)