HK Stock Market Move | STERLING GP (01825) plummeted in late trading yesterday and fell over 83% again today; the company has recently seen multiple unusual share transfer and custody movements.

STERLING GP (01825) plummeted in late trading yesterday, closing down 37%, and fell over 83% again in early trading today, bringing the cumulative two-day decline to nearly 90%. As of press time, it is down 82.72% at HK$1.38, with a turnover of HK$13.0419 million. On the news front, STERLING GP has seen multiple unusual share transfer and custody movements over the past month. On August 14, shares with a total transfer market value of HK$18.2545 million, accounting for 8%, were transferred out of Zirui Securities Hong Kong, involving 808,000 shares; on August 19, shares with a total transfer market value of HK$11.6368 million, accounting for 5.01%, were transferred out of Yongfeng Jin Securities (Asia), involving 552,000 shares; on August 28, shares with a total transfer market value of HK$55.4209 million, accounting for 16.54%, were transferred out of Zirui Securities Hong Kong, involving 2.444 million shares; on September 2, shares with a total custody market value of HK$30.8239 million, accounting for 8.48%, were deposited by shareholders with Daokou Securities, involving 3.5148 million shares. On September 8, shares with a total transfer market value of HK$53.3589 million, accounting for 15.32%, were transferred out of Yuanta Securities Hong Kong, involving 2.2 million shares.