Oriental Rise Holdings Limited shares fall 61.97% premarket after Life Concepts' placement of 13.7 million shares.

Oriental Rise Holdings Limited dropped 61.97% in premarket trading, with the sharpest declines in HONG KONG HANG SENG. This significant decline is likely due to the placement of 13.7 million shares by Life Concepts, which could have led to a sell-off and increased supply of the stock in the market.