On July 9, Iluvatar CoreX (09903.HK) fell 4.55% in regular trading, trading at HK$554.5/share, with turnover of HK$284 million. The decline was triggered by the company's announcement of a discounted share placement before the trading session.

According to the announcement, the company entered into a placing agreement with Goldman Sachs, Morgan Stanley, Huatai International, and J.P. Morgan to place 14.857 million new H shares at HK$476.00 per share, representing an approximately 15% discount to the previous closing price of HK$560.00. The placement shares account for approximately 6.06% of issued H shares and 5.84% of total issued shares, with estimated net proceeds of approximately HK$7.034 billion. The net issue price per placing share is approximately HK$473.41.

The placement adds to existing selling pressure, as the company's cornerstone investor lock-up shares were released on July 8, involving approximately 4.3% of total issued shares. The stock has retreated significantly from its June 25 all-time high of HK$887.50, with cumulative decline exceeding 36%.

(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.)