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YOFC (06869.HK) Plunges 10% as A-Shareholder Fiberhome Telecom (600345.SH) Plans to Trim Up to 1 Million A Shares from Today to Early Jul
2026-04-10 11:40:22 YOFC Optical Fibre and Cable (06869.HK) surged 6.9% yesterday (9 Apr) (based on the previous close, the share price has cumulatively risen by about 3.65x so far this year). Selling pressure emerged this morning (10 Apr). The stock opened 1.08% higher at HKD243, then turned lower, hitting an intraday trough of HKD215, once slumping 10.6%. It was last at HKD217, down 9.7%, with turnover of HKD5.321 billion. YOFC Optical Fibre and Cable's A shares (601869.SH) closed at RMB377.18 at midday, down 5.3%, with turnover of RMB6.499 billion. YOFC previously announced on 19 Mar this year that shareholder Fiberhome Telecom (600345.SH), due to its own business development needs, plans to reduce its holdings of the company's A shares by no more than 1 million shares via centralized bidding between 10 Apr 2026 and 9 Jul 2026, representing 0.12% of the company's total share capital. Fiberhome Telecom (600345.SH) hit the daily upper limit at midday, closing at RMB54.36. (wl/da)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |