HK Stock Market Move | FORTUNE SUN (00352) fell over 60% in the afternoon, dropping more than 80% from Wednesday's high point. The Listing Committee decided to maintain the trading suspension decision.
Fuyang (00352) fell more than 60% in the afternoon, hitting a low of 0.38 Hong Kong dollars during trading, down more than 82% from the high of 2.2 Hong Kong dollars on Wednesday. As of press time, it has fallen by 59.43%, trading at 0.43 Hong Kong dollars with a turnover of 14.21 million Hong Kong dollars.
FORTUNE SUN (00352) fell more than 60% in the afternoon, hitting a low of 0.38 Hong Kong dollars during trading, a decrease of over 82% from this Wednesday's high of 2.2 Hong Kong dollars. As of the time of this report, the stock has fallen by 59.43% to 0.43 Hong Kong dollars, with a trading volume of 14.21 million Hong Kong dollars.
In terms of news, FORTUNE SUN announced that after considering the written and oral statements submitted by the company and the Listing Committee, it was deemed that FORTUNE SUN failed to maintain a sufficient level of operational capability and asset size as required by the listing rules to ensure the continued listing of its shares. Therefore, the decision of the Listing Committee to suspend the trading of the company's shares is maintained. The company may submit the decision to the Listing Review Committee for review by September 8. If no review application is submitted, trading of the shares will be suspended from 9 am on September 9. Trading of the shares will continue until then.
It was reported that on June 13 this year, FORTUNE SUN received a notification from the Stock Exchange that the company had failed to maintain a sufficient level of operational capability as required by the listing rules to ensure the continued listing of its shares, and therefore trading of the company's shares will be suspended. On June 24, FORTUNE SUN announced that it had submitted a written request to the Stock Exchange under Chapter 2B of the listing rules to submit the decision to the Listing Committee for review. Therefore, trading of the company's shares will continue.
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