Lock-up expiries drag down shares of listed Hong Kong companies

Shenzhen Dobot (2432) slid as much as 16.3 percent on Tuesday, marking the first anniversary of its listing, when pre-IPO investors’ shares became eligible for sale.

Zhejiang Sanhua Intelligent Controls (2050), which listed about six months ago, fell more than 6 percent as the lock-up period for cornerstone investors expired on Tuesday. TransThera Sciences (Nanjing) (2617) also saw heavy selling pressure, with its shares plunging about 17 percent following the end of its cornerstone investor lock-up.

Bayzed Health (2609) is set to see its lock-up expire on Wednesday, with its shares already down more than 5 percent.

Other stocks facing upcoming share unlocks also weakened. Ride-hailing firm CaoCao (2643) slipped nearly 4 percent, while jewellery retailer Zhou Liu Fu Jewellery (6168) tumbled about 16 percent.