HK Stock Market Move | VIGONVITA-B (02630) Falls Over 10% Again; Current Share Price Has Halved from August High

VIGONVITA-B (02630) fell over 10% again, halving from its August high. As of press time, it was down 9.32% at HK$62.75, with turnover of HK$2.267 million. On the news front, Wangshan Wangshui announced on October 30 that it had received notices from all pre-IPO investors, including the controlling shareholder. After the original lock-up period expired on November 5, controlling shareholder Shen Jingshan (holding 82,461,110 shares) and his spouse Jin Jie committed to extending the lock-up until June 6, 2027, while nine individual shareholders including Tian Guanghui, the employee incentive platform, and 17 institutional shareholders committed to extending theirs until March 6, 2027, during which they will not reduce their holdings in any manner. Since the second half of this year, Wangshan Wangshui's share price has experienced a roller-coaster ride. In early July, the stock was still hovering around HK$60; it surged rapidly in late July and subsequently reached a high of HK$128.8, doubling in just over a month. It then took another sharp turn downward, falling 24.55% in a single day on August 13, and today hit a low of HK$62.20, down more than 50% from its August high. On July 15 this year, Wangshan Wangshui completed full circulation of its H shares, with a total of approximately 100 million domestic unlisted shares converted into H shares, increasing the company's H-share count from about 67 million to 167 million.