HK Stock Market Move | CHINA HUAJUN GP (00377) once fell more than 40%; the company said it is in preliminary discussions with a certain party regarding a potential disposal matter.

CHINA HUAJUN GP (00377) once fell more than 40% this morning. The stock accelerated its decline in late trading yesterday, ultimately closing down 52%. As of press time, it is down 30.33% at HK$1.47, with a turnover of HK$1.302 million. On the news front, on the evening of September 22, CHINA HUAJUN GP announced that it is currently in preliminary discussions with a certain party regarding a potential disposal matter, and negotiations are still ongoing. The terms and conditions of the potential disposal have not yet been finalized, and the group has not entered into any formal agreement in respect of the potential disposal. The announcement noted that it had noticed the abnormal fluctuation in the share price yesterday. After making enquiries, the board confirmed that it is not aware of any reason causing the share price fluctuation, nor is there any information that must be announced to avoid a false market in the company's shares, or any inside information that needs to be disclosed.