HK Stock Market Move | BAYZED HEALTH (02609) fell more than 6% during trading; lock-up period for cornerstone investors is nearing expiry.

BAYZED HEALTH (02609) fell more than 6% intra-day, with the current stock price down more than 50% from its high point in September. As of the time of writing, it fell 5.24%, trading at HK$4.34 with a turnover of HK$25.2952 million. On the news front, the lock-up period for BAYZED HEALTH cornerstone investors is about to expire. According to the company's previous announcement, Harvest Oriental SP, one of its cornerstone investors, must adhere to the lock-up commitment until December 23, 2025, and approximately 35.3178 million shares will be unlocked. In the first half of this year, BAYZED HEALTH achieved a revenue of RMB 575 million, a year-on-year increase of about 0.7%; and an adjusted net profit of RMB 9.4 million, a year-on-year increase of about 72.8%.