HK Stock Market Move | MARKETINGFORCE (02556) fell more than 10% with over one billion shares of restricted shares being unlocked. The company reported a loss of over 800 million yuan in the first half of the year.

MARKETINGFORCE (02556) fell over 10%, at the time of writing, down by 10.45% to HKD 99.4, with a turnover of HKD 1329.32 million. On the news front, on November 16, MARKETINGFORCE saw the first issue of its shares. According to statistics, the company has over 100 million restricted shares released, accounting for 48.13% of the total share capital. Shareholders involved include Vickers Venture Partners, Gangxin Trading Co., Real Force Limited, Precious Sight Limited, and other major investors. MARKETINGFORCE is known as China's largest marketing and sales software as a service (SaaS) solution provider, with a market share of 3.0% in 2023. In the first half of this year, the company achieved revenue of 739 million yuan, a year-on-year growth of 26.7%, with SaaS revenue of 400 million yuan, a year-on-year growth of 30.4%; shareholders' attributable loss was 820 million yuan, expanding by 1112.0% year-on-year.