On July 16, Crealights Technology rose 5.08% in regular trading, trading at HK$125.6 per share, with turnover of HK$9.78 million.

On the news front, the stock continues its recovery after short-term selling pressure from the overallotment shares was absorbed. The company fully exercised its overallotment option, issuing 2,014,700 additional H shares at HK$114 per share, which began trading on July 13. The new supply initially triggered a 7.95% decline to HK$118.1. Following the release of selling pressure, the stock rebounded 5.67% on July 14 and 7.09% on July 15, with today extending the recovery trend.

The full exercise of the overallotment option reflects strong market subscription demand, as the Hong Kong public offering was approximately 1,297 times oversubscribed. The additional net proceeds raised amount to approximately HK$219 million, which will be allocated to uses outlined in the prospectus.

(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.)