---
title: "Hong Kong stock movement: MAJOR HLDGS plummets 30.67%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/258633262.md"
description: "MAJOR HLDGS fell 30.67%; Dongfang Zhenxuan dropped 3.19%, with a transaction volume of HKD 337 million; Guoquan had a transaction volume of HKD 18.99 million; Youbao Online had a transaction volume of HKD 13.28 million; Baiguoyuan Group rose 4.88%, with a market value of HKD 2.648 billion"
datetime: "2025-09-24T06:01:40.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/258633262.md)
  - [en](https://longbridge.com/en/news/258633262.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/258633262.md)
---

# Hong Kong stock movement: MAJOR HLDGS plummets 30.67%

**Hong Kong Stock Movement**

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

Guoquan, with a trading volume of HKD 18.99 million. Based on recent key news:

1.  On September 23, Guoquan significantly shortened the fermentation cycle through a digital production process system, improving production efficiency and ensuring food safety. This technological advancement enhances the market competitiveness of its products and may drive up the stock price. Data source: Titanium Media.
    
2.  On September 22, Guoquan Foods was included in the S&P Global BMI Index, which is generally seen as a positive signal for the company's stock and may attract more investor attention. Data source: Market announcement. The impact of industry technological advancements and index inclusion.
    

Youbao Online had a trading volume of HKD 13.28 million. According to recent important news:

1.  On September 21, Youbao Online announced the signing of a placement agreement with the placement agent, with an issue price of HKD 2.45, representing a discount of approximately 16.95% compared to the closing price on September 19. This move led to stock price fluctuations as the market reacted strongly to the discount on the placement shares.
    
2.  On September 22, the company announced the issuance of 157.5 million new shares through a private placement, raising HKD 386 million to supplement working capital and optimize capital structure. This news further impacted the stock price trend.
    
3.  On September 21, Youbao Online released its semi-annual financial report, showing a 3.1% year-on-year decline in revenue, but a 61.9% narrowing of losses. The financial report data had a certain impact on the stock price. Industry competition has intensified, and capital flow is evident.
    

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

Baiguoyuan Group rose by 4.88%. Based on recent important news:

1.  On September 21, Baiguoyuan Group announced the placement of 279.5 million new H shares, with a placement price of HKD 1.17 per share, representing 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, boosting market confidence in the short term and driving up the stock price.
    
2.  On September 22, industry analysis pointed out that Baiguoyuan faces challenges in supply chain efficiency and channel structure, needing to find a balance between heavy assets and light operations, and increase the proportion of online channels. Against this backdrop, market expectations for its strategic transformation have increased, further supporting the stock price.
    
3.  On September 22, the contradiction between Baiguoyuan's high-end positioning and mass market demand was widely discussed. Despite facing profit pressure, its strategy of not catering to consumer preferences has attracted market attention, increasing stock price volatility. Competition in the fruit retail industry has intensified, and policy impacts are profound

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