Movement Alert|CCTC Falls 4.05% in Regular Trading, Price Stabilization Period Ends Removing Underwriter Support While Over-Allotment Adds H-Share Supply

Market Focus
Aug 06

On August 6, CCTC fell 4.05% in regular trading, trading at HK$107.3/share, with turnover of HK$13.50 million.

On the news front, the company announced on August 5 that the price stabilization period for its global offering has officially ended. During the stabilization period, the stabilization agent had continuously repurchased shares in the market at prices ranging from HK$86.05 to HK$100.30 per share, with the last repurchase occurring on August 4 at HK$100.10 per share. With the expiry, the underwriter has ceased all price-supporting activities, removing a key floor beneath the stock.

Simultaneously, the sole overall coordinator partially exercised the over-allotment option on August 5, involving 8,856,900 H shares issued at HK$100.30 per share, representing approximately 12.41% of total shares available under the global offering. These additional shares are expected to commence trading on August 10, further increasing H-share float supply. The unexercised portion of the over-allotment option has lapsed.

(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.)

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