On July 28, BEFAR GROUP fell 5.41% in regular trading, trading at 3.33 HKD/share, with turnover of approximately HK$24.48 million.
On the news front, the company issued an unusual trading activity announcement on July 27 after its A-shares recorded cumulative gains exceeding 20% over three consecutive trading days. The company confirmed no undisclosed material information exists. It also cautioned that the recently commissioned 6N-grade electronic high-purity hydrogen fluoride gas project remains in the product promotion stage, with customer acceptance uncertain, and expects no material impact on financial performance given its small revenue contribution.
The A-shares had surged nearly 35% from July 17 to July 27, with northbound capital accumulating net purchases of RMB 118 million over three days. Following the company's consecutive risk disclosures, HK-listed shares faced evident profit-taking pressure. The first major shareholder He Yi Investment had previously accumulated purchases of 26.38 million shares totaling RMB 141 million, with the buyback plan reaching 84.32% of its upper limit.
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