HK Stock Market Move | WEBX HOLDING (00339) once plunged over 70%; shares face suspension of trading after receiving a letter from the Stock Exchange.

WEBX HOLDING (00339) shares fell, plunging over 70% at one point this morning. As of press time, the stock is down 44.12% at HK$0.38, with turnover of HK$1.2034 million. On the news front, WEBX HOLDING announced that on November 2, 2026, it received a letter from the Stock Exchange notifying the company of its decision that the company has failed to maintain a sufficient level of business operations and assets of sufficient value to support its operations as required under Rule 13.24 of the Listing Rules to warrant the continued listing of its shares, and stating that trading in the company's shares will be suspended under Rule 6.01(3) of the Listing Rules. Unless the company applies for a review of the decision, trading in the company's shares will be suspended on November 12, 2026. The announcement shows that the value of the company's financial assets decreased from HK$17.7 million as of December 31, 2021 to HK$5.4 million as of June 30, 2026; revenue for the six months ended June 30, 2026 was HK$16,000, total assets were approximately HK$9 million, total liabilities were approximately HK$1.8 million, and net asset value was approximately HK$7.1 million.