BAYZED HEALTH (02609) Plunges Over 6% Intraday as Lock-up Period for Cornerstone Investors Nears Expiry
Stock News
Dec 23
BAYZED HEALTH (02609) saw its shares drop more than 6% during the trading session, with the current price down over 50% from its September peak. At the time of writing, the stock fell 5.24% to HK$4.34, with a turnover of HK$25.30 million.
The decline comes as the lock-up period for the company's cornerstone investors is set to expire. According to a previous announcement, Harvest Oriental SP, one of the cornerstone investors, is subject to a lock-up commitment ending on December 23, 2025, involving approximately 35.32 million shares.
In the first half of this year, BAYZED HEALTH reported revenue of RMB575 million, up 0.7% year-on-year, while adjusted net profit rose 72.8% to RMB9.4 million.
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