HK-listed GoFintech Quantum Innovation falls on discounted share sale

GoFintech Quantum Innovation

04/08/2026 04:47

** Shares of GoFintech Quantum Innovation 0290.HK fall 9.3% to HK$1.65, on track for biggest one-day pct decline since July 24
** Stock of the securities brokerage and margin financing group on course to snap three straight sessions of gains
** GoFintech plans sale of 218.75 mln new shares to key shareholder Liu Zhiwei in a top-up placement of shares, raising HK$350 mln ($44.63 mln) 
** New shares will be issued at HK$1.60 apiece, representing a 12.09% discount to Monday's close of HK$1.82 each
** The key shareholder will buy the new shares on completion of sale of the same amount of existing shares at the same price to third party investors
** GoFintech will use proceeds for construction of computing centre, exploring application of quantum computers in drug discovery and new materials discovery, among others
** YTD, stock down 36.5%, while benchmark Hang Seng Index .HSI up 1.1%



($1 = 7.8425 Hong Kong dollars)

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))