Higashiyama Precision's poor performance in the secondary market has already laid the groundwork during the offering phase. According to the company's allotment announcement, despite the introduction of 20 cornerstone investors, the public sale recorded only 0.52 times subscription and margin financing subscription of only 0.39 times, making it the new stock with the lowest public subscription ratio for Hong Kong stocks since February last year. All retail investors involved in the launch achieved 100% of the shares. The extremely sluggish subscription sentiment also caused a few large investors to face losses of up to HK$3.18 million.

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