---
title: "Hong Kong Stock Movement: MAJOR HLDGS fell 15.38%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/258466103.md"
description: "MAJOR HLDGS fell 15.38%; Dongfang Zhenxuan fell 4.55%, with a transaction volume of HKD 454 million; Guoquan fell 1.57%, with a transaction volume of HKD 23.6 million; Youbao Online fell 0.33%, with a transaction volume of HKD 23.5 million; Baiguoyuan Group fell 6.29%, with a market value of HKD 2.525 billion"
datetime: "2025-09-23T07:06:53.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/258466103.md)
  - [en](https://longbridge.com/en/news/258466103.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/258466103.md)
---

# Hong Kong Stock Movement: MAJOR HLDGS fell 15.38%

**Hong Kong Stock Movement**

**Stocks with High Trading Volume in the Industry**

Dongfang Zhenxuan fell 4.55%. According to recent key news:

1.  On September 20, the Hong Kong consumer retail industry showed volatility, with Dongfang Zhenxuan's stock price rising 15% compared to a week ago, but facing three major risk warnings, leading to unstable market sentiment and a 4.55% drop in stock price. Data source: industry report. Volatility in the Hong Kong consumer retail industry.

Guoquan fell 1.57%. According to recent key news:

1.  On September 22, Guoquan Foods was included in the S&P Global BMI Index, which typically attracts investor attention and capital inflow, but the stock price still fell in the short term, possibly due to market concerns about the overall economic environment.
    
2.  No other significant news.
    
3.  No other significant news. The market holds a cautious attitude towards the economic environment.
    

Youbao Online fell 0.33%, with a trading volume of HKD 23.5 million. Based on recent important news:

1.  On September 22, Youbao Online announced the issuance of 157.5 million new shares through a private placement, raising HKD 386 million. The placement price was at a discount of 16.95% compared to the closing price on September 19, leading to stock price fluctuations. Data source: Guandian.com.
    
2.  On September 21, Youbao Online entered into an agreement with the placement agent, with an issue price of HKD 2.45, expecting a net fundraising of HKD 383 million. This move aims to optimize the capital structure and enhance liquidity. Data source: Leidi.com.
    
3.  On September 21, Youbao Online announced the placement plan, stating that the funds raised will be used for product development, expanding sales channels, and acquiring fixed assets. This move is seen as supporting the company's healthy development. Data source: Zhitong Finance. Intensifying industry competition and significant capital flow.
    

**Stocks with High Market Capitalization in the Industry**

Baiguoyuan Group fell 6.29%. According to recent important news:

1.  On September 21, Baiguoyuan Group announced a placement of 279.5 million new H shares at a price of HKD 1.17 per share, at a discount of 19.31% compared to the previous closing price, raising a net amount of approximately HKD 325 million. This move aims to alleviate debt pressure and supply chain disruption risks, leading to a decline in stock price.
    
2.  On September 22, Baiguoyuan's half-year financial report showed a year-on-year revenue decline of 21.8%, with a net loss of HKD 342 million and a reduction of 1,639 stores, reflecting the operational difficulties faced by the company, further undermining market confidence.
    
3.  On September 22, intensifying industry competition, the rise of community group buying and e-commerce platforms poses challenges to traditional chain models, putting pressure on Baiguoyuan's supply chain efficiency and channel structure, affecting its market performance. Competition in the fruit retail industry intensifies, with supply chain efficiency becoming key

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