Group 1 - Lion Group Holdings (02562) experienced a significant decline of over 17%, reaching a new low of 8.9 HKD, with a current drop of 16.25% at 9.12 HKD and a trading volume of 152 million HKD [1] - The company announced plans to issue convertible bonds worth 35 million USD, with an initial conversion price of 11.96 HKD, representing a premium of approximately 7.7% over the previous closing price of 11.11 HKD. The net proceeds of about 260 million HKD will be used for investments in gold and gold-related products [1] - Lion Group Holdings is based in Singapore and serves as a Southeast Asian e-commerce solution platform under Alibaba [1] Group 2 - The company previously announced plans to acquire a Chinese SaaS enterprise that focuses on providing omnichannel digital commerce, smart retail, and supply chain solutions, holding a significant position in the Chinese SaaS market [1] - Market speculation suggested that the target company could be either Shangyue Technology or Jushuitan, with Jushuitan set to be listed on the Hong Kong Stock Exchange on October 21, 2025 [1]