HK Stock Market Move | HAO TIAN INTL (01341) was removed from the list of Hong Kong stock connects, its stock price dropped more than 40% during trading hours, hitting a new low on the market.

HAO TIAN INTL (01341) plunged more than 40% in today's trading session, hitting a new low of 0.03 Hong Kong dollars. As of the time of writing, it has dropped by 33.33% to 0.036 Hong Kong dollars, with a trading volume of 31.0684 million Hong Kong dollars. On the news front, the Shanghai Stock Exchange and the Shenzhen Stock Exchange announced that there would be adjustments to the list of securities eligible for the Hong Kong Stock Connect, effective from March 9th. HAO TIAN INTL has been removed from the list. Additionally, in January this year, HAO TIAN INTL announced a proposal to consolidate every 5 shares into 1 share, with a recommendation to change the trading unit size from 8000 shares to 10,000 shares post-consolidation.