HK Stock Market Move | CHINA HUAJUN GP(00377) fell more than 18% again, plunging over 70% in the past three trading days, with total market capitalization falling below HK$200 million.

CHINA HUAJUN GP(00377) fell more than 18% again, plunging over 70% in the past three trading days. As of press time, it dropped 18.26% to HK$0.985, with a turnover of HK$1.3963 million and a total market capitalization of less than HK$200 million. On the news front, CHINA HUAJUN GP recently announced that it is currently in preliminary discussions with a certain party regarding a potential disposal, 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 a formal agreement for the potential disposal. It is understood that CHINA HUAJUN GP is an investment holding company engaged in three core businesses, namely printing; trading and logistics; and property development and investment. In the first half of this year, the company recorded revenue of RMB623 million, a year-on-year decrease of 9.14%; loss attributable to shareholders of the company was RMB325 million, a year-on-year narrowing of 15.26%.