HK Stock Market Move | 160 HEALTH(02656) plunges nearly 40%, wiping out most of its gains for the year, with its total market value dropping below HK$20 billion at one point.

Health (02656) fell by nearly 40%, erasing most of the gains for the year and dropping its total market value below HK$20 billion. As of the time of writing, it has dropped by 32.1% to HK$61.65, with a trading volume of HK$328.85 million. According to its prospectus, 160 Health is an experienced wholesale distributor of health products and a leading provider of digital healthcare services within China Meheco Group. The company offers a variety of medical and health products, as well as comprehensive digital healthcare solutions. As of March 31, 2025, 160 Health's platform has connected over 44,600 medical and health institutions since its establishment, including over 14,400 hospitals and over 30,200 grassroots medical and health institutions. Public information shows that 160 Health was listed on the stock market on September 17, 2025. Prior to this, Guoyuan International listed some Hong Kong stocks with a relatively high market value of restricted shares to be released in the next 12 months, and stocks with a high proportion of shares being unlocked tend to experience pressure on their stock prices before and after the unlocking. 160 Health is set to have its shares unlocked on September 17, with 267 million shares being released, accounting for 79% of the shares in circulation.