On June 10, China Hongqiao fell 3.66% in regular trading, trading at 25.88 HKD/share, with trading volume of 83.06 million HKD.

On the news front, the aluminum sector faced broad-based selling pressure, with peers CHALCO down 3.34%, Chuangxin Industrial down 3.65%, and Nanshan Aluminum International down 2.17%. The company previously announced that its 2025 convertible bond conversion price was adjusted downward from 18.44 HKD per share following a dividend declaration, with a maximum of approximately 126 million new shares issuable upon full conversion, intensifying market concerns over equity dilution.

Additionally, the company's approximately 3.079 billion HKD share buyback program has been fully executed, removing a key source of sustained buying support. Although the controlling shareholder acquired 21 million shares on June 8 at an average price of approximately 26.46 HKD, stating that the current share price deviates from the company's intrinsic value, sector-wide downward momentum continues to dominate short-term price action. S&P recently upgraded the company's credit rating to BB+ citing robust earnings, while Citi maintained a Buy rating with a 48 HKD target price.

(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.)