Cimg Inc. shares fall 17.56% intraday after recent surge and unclear impact of new product launch.

Cimg Inc. plunged 17.56% intraday, following a significant price surge of 107.29% on August 7, which led to a technical correction. Additionally, the company's subsidiary, Shanghai Huomao, launched a new white alcohol product on August 1, but the impact on the company's stock was unclear, leading to a natural decline in stock price after the initial hype.