HK Stock Market Move | GON TECHNOLOGY (02768) once fell nearly 12% as the six-month selling restriction for cornerstone investors expired, releasing a total of 8,869,200 shares.

GON TECHNOLOGY (02768) opened flat in the morning but then fell, at one point dropping nearly 12%. As of this writing, it is down 7.17% at HKD 29.78, with a trading volume of HKD 76.4072 million. On the news front, GON TECHNOLOGY was listed on the Hong Kong Stock Exchange on February 4 this year, and the six-month lock-up period for eight cornerstone investors has expired today, involving a total of 8.8692 million shares being unlocked. It is reported that GON TECHNOLOGY is a Chinese supplier focused on new chemical materials and upstream and downstream products of gelatin and collagen. In July this year, GON TECHNOLOGY announced that it expects its net profit attributable to shareholders of the listed company for the first half of this year to be between HKD 600 million and HKD 750 million, an increase of 73.48% to 116.85% year-on-year; the net profit excluding non-recurring gains and losses is expected to be between HKD 580 million and HKD 720 million, an increase of 73.78% to 115.73% year-on-year.