On July 7, Biren Technology rose 3.01% in regular trading, trading at HK$48.64/share with turnover of HK$249 million. The stock is rebounding from the previous session's 9.36% decline triggered by the company's announcement of a heavily discounted share placement.

On July 5, Biren Technology announced a placement of 153 million new H shares at HK$46.20 each, representing a 9.94% discount to the July 3 closing price of HK$51.30 and a 17.53% discount to the five-day average price of HK$56.02. The placement shares account for approximately 6.27% of issued share capital, with estimated net proceeds of approximately HK$7.038 billion. Funds will be allocated primarily to accelerating next-generation GPGPU product commercialization and production (60%), cutting-edge technology R&D (20%), strategic investments and acquisitions (10%), and working capital (10%). The stock appears to be stabilizing near the placement price level as selling pressure from dilution concerns subsides.

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