Southern Manganese (01091) rose more than 14% at the end of the session. As of press release, it rose 13.87% to HK$0.197, with a turnover of HK$5.5329 million.
The Zhitong Finance App learned that Southern Manganese (01091) rose by more than 14% at the end of the session. As of press release, it had risen 13.87% to HK$0.197, with a turnover of HK$5.5329 million.
According to the news, on February 5, Southern Manganese officially resumed trading. On the same day, the stock price opened low and went low. At one point, the intraday decline was more than 63%. By the close of the day, Southern Manganese reported HK$0.196, a decrease of 60.4%. The next day, the Southern Manganese Industry continued to open low, and the closing still fell by more than 10%.
According to reports, in the process of auditing the operating data of the Southern Manganese Industry's auditor Luo Bingxian PricewaterhouseCoopers, the company's Ghanaian manganese ore trading business was accused of being “abnormal”. The accounting firm recommended that the Audit Committee take the lead in forming an independent investigation committee, and that the committee appoint an independent third party investigation agency to assist the committee in investigating certain details of the company's manganese ore trading business in Ghana. Affected by the above matters, Southern Manganese had to delay publication of its 2022 annual results and suspended trading on March 30, 2023.