Baigai New Materials (8090.HK) tumbled 17.56% during regular trading to HK$4.50.
The decline follows recent share transfers by company shareholders. Exchange records show that on July 10, the firm saw a change in holdings with total transaction value of approximately HK$6.31 million, accounting for about 6.79% of total shares outstanding, including a transfer of 374,500 shares out from Dayou Securities.