Changes in Hong Kong stocks | Tianxing Healthcare (01609) fell more than 7% in the intraday price and lost the cornerstone. Investors lifted the ban on 2.92 million shares this Thursday

The Zhitong Finance App learned that Tianxing Healthcare (01609) once surged to HK$55.90 during the intraday period, then fell by more than 7%. As of press release, it decreased by 6.23% to HK$48.20, with a turnover of HK$17.168 million.

According to the news, the ban on 2,922,900 restricted shares held by Tianxing Medical's four cornerstone investors will be officially lifted on November 5. These shares account for 34.7% of global sales and 5.34% of the company's total issued share capital. It is worth noting that since the stock was listed at HK$98.50 on May 5 this year, it was overbought by 7823.13 times. It closed at HK$215.00 on the first day of listing, up 118.3% from the issue price, with an intraday high of HK$299.00. Since then, the stock price has continued to decline. The low of HK$47.36 on November 2 hit a new low since listing, and the current price is lower than the issue price.