On July 24, SG Micro Corp fell 4.56% in regular trading, trading at 90.3 HKD/share, with turnover of 50.68 million HKD.

On the news front, the company announced on July 23 the full exercise of its H-share over-allotment option, issuing an additional 8.1 million H-shares at HK$85.20 per share. This increased total H-share issuance from 54 million to 62.1 million shares, representing approximately a 15% expansion in the H-share float. The net proceeds from the additional issuance amount to approximately HK$682 million. Following the exercise, total share capital rose to 685 million shares, with H-share ownership ratio increasing to 9.06%.

The full exercise directly enlarged the H-share circulation pool, and the offering price of HK$85.20 sits significantly below recent trading levels, creating short-term dilution pressure on the stock price. Separately, the Shenzhen Stock Exchange announced on the same day that SG Micro Corp has been added to the Shenzhen-Hong Kong Stock Connect southbound eligible securities list.

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