On July 15, CFMEE (09630.HK) declined 3.14% in regular trading, trading at HK$370.2/share, with turnover of HK$13.71 million.

On the news front, the company announced that 1,925,750 additional H shares issued through the full exercise of the over-allotment option officially began trading on the Hong Kong Stock Exchange today. The over-allotment option was exercised on July 10 at HK$252.73 per share, generating net proceeds of approximately HK$478 million. Following the exercise, total H shares issued increased from 12,838,650 to 14,764,400, representing approximately 10.08% of the enlarged total share capital. The newly listed shares were allocated to subscribers who had agreed to deferred delivery of their subscribed H shares under the global offering.

The increased float from the over-allotment shares appears to be weighing on the stock, which had already declined 3.28% in the prior trading session on July 14.

(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.)