HK Stock Market Move | ALCO HOLDINGS (00328) fell more than 30% during the day, with a trading volume plummeting 85% the previous trading day. In recent times, there have been frequent occurrences of transfers and changes in warehouse storage.

ALCO HOLDINGS (00328) fell by over 30% during trading hours, following a massive drop of over 85% in trading volume on the previous trading day. As of the time of writing, the stock has dropped by 26.03% to 0.54 Hong Kong dollars, with a turnover of 10.86 million Hong Kong dollars. ALCO HOLDINGS was established in 1968 and listed on the main board of the Hong Kong Stock Exchange in 1992. The company mainly engages in the production, manufacturing, and sales of its own brand (AVITA) notebooks and other electronic consumer products such as audio and video equipment. In 1986, ALCO HOLDINGS officially entered Dongguan, becoming one of the first Hong Kong audio product manufacturers to produce in mainland China. The company reported a loss of 22.17 million Hong Kong dollars for the six months ending on September 30, 2024, compared to a net profit of around 572 million Hong Kong dollars in the same period last year. It is worth noting that ALCO HOLDINGS has recently experienced frequent changes in its shareholder structure. On December 20, there was a change in the shareholder structure, with a shareholding ratio of 17.86% and the shares being held by Hong Chi Securities. On December 18, ALCO HOLDINGS transferred 16.02 million shares to Matrix Securities. Additionally, on November 21 and December 3, there were two transfers from Hong Chi to Zun Jia, with 18.726 million shares and 4.582 million shares transferred respectively. After the two recent transfers, Zun Jia now holds a stake of 30.33%.