QIDIAN GUOFENG's stock price plummeted 5.04% during intraday trading on Monday, marking a significant decline for the company.
The sharp drop follows news that a major shareholder deposited shares with a market value of HK$452 million, representing 9.36% of the company's total issued shares, with Shenwan Hongyuan Securities Hong Kong. Market participants interpreted this substantial deposit as a potential precursor to selling activity, creating downward pressure on the stock price.
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