Geekplus (2590.HK) slipped 0.61% in Hong Kong trading to HK$8.135, falling to a record low.

Earlier Wednesday, two block trades involving roughly 8.68 million shares were executed at HK$7.370 each, a discount of about 9.96% to the previous close, totaling approximately HK$63.94 million.

The decline comes despite ongoing share buybacks. On September 14, the company repurchased 2.8 million shares for about HK$23.51 million at prices between HK$8.32 and HK$8.61. On September 15, it bought back another 1.4 million shares for roughly HK$11.59 million.