Liu Liu Mei falls over 6% after surging nearly 19% on listing debut
Liu Liu Mei (6658.HK) fell over 6% during regular trading to HKD 141.1.
The stock tumbled today after rising more than 19% yesterday to reach a fresh listing peak of HKD 165. As a leading player in China's fruit snack industry, Liu Liu Mei ranked first by retail value with a 4.9% market share according to Frost & Sullivan, while its plum jelly product held a dominant 45.7% share in the natural ingredient jelly category.
The company went public on June 15, surging more than 194% on its debut, and has experienced significant volatility as a recent IPO.
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