HK Stock Market Move | LITIAN PICTURES (09958) plunged 55% in midday trading. It has fallen nearly 70% in the past three days due to a significant loss caused by the devaluation of its TV series.
Lu Tian Entertainment (09958) tumbled 55% in midday trading, falling nearly 70% in the past three days. As of the time of writing, it has dropped 37.75% to 0.155 Hong Kong dollars, with a trading volume of 1002.15 million Hong Kong dollars.
LITIAN PICTURES (09958) plunged 55% in intra-day trading, with a cumulative drop of nearly 70% in the past three days. As of the time of writing, it has fallen 37.75% to HK$0.155, with a trading volume of HK$10.02 million.
On the news front, LITIAN PICTURES had applied for a trading halt for nearly two months due to a delay in financial report, and resumed trading on November 24 after releasing the financial report. The financial performance for the eighteen-month fiscal year ending June 2025 showed revenue of approximately RMB 133 million, but a net loss of around RMB 554 million, mainly attributed to the delay in realizing revenues from some drama series copyrights held by the company, resulting in significant impairment losses; difficulties in recovering payments from some drama series already sold also led to impairment losses on receivables.
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ENN Energy (02688) intends to issue asset-backed securities with a total amount not exceeding 4 billion yuan.
CISI FIN (06058) has been granted a non-committed short-term loan financing with the maximum amount of 200 million Hong Kong dollars.
