Source: Securities Times
The overall rise in the Hong Kong stock market today. As of press release, the Hang Seng Index had risen close to 2%. Technology stocks and internet stocks showed strong performance, and the Hang Seng Technology Index rose more than 3% in the intraday period. Among the constituent stocks of the Hang Seng Technology Index, Kuaishou-W, Meituan-W, and JD Group-SW had the highest gains.
It is worth noting that against the backdrop of a sharp rise in Hong Kong stocks as a whole, stocks have once again collapsed in the market. According to market data, Hong Kong stocks$KNT HOLDINGS (01025.HK)$It crashed in the intraday period, and at one point it plummeted by nearly 70%. Not long ago, the Hong Kong stock market also experienced multiple intraday market crashes.
According to the official website of Jiayi Holdings, the company mainly sells products to American fashion brands, including bridesmaid dresses, wedding dresses, and special occasion wear. In addition to manufacturing products for customers, the company strives to become an important part of customer business operations. The company also provides diversified value-added services, including trend analysis, product design and development, raw material procurement, design and development, production, quality assurance and inventory management. The company actively provides customers with advice on innovative design and material selection, and uses the company's rich industry knowledge and market intelligence accumulated over the years to jointly develop products with customers.
The company manufactures products at a production facility located in Humen Town, Dongguan City, China. Depending on the production capacity of the product and production facilities, the company outsources part of the production process of the product to a third party subcontractor to supplement the limited production capacity, so as to meet the increasing demand for the company's products.
In the afternoon, Jiayi Holdings issued an announcement stating that it did not know the reason for the stock price fluctuation. According to the announcement, the company noticed unusual fluctuations in stock prices and trading volume recently, and confirmed after making reasonable inquiries, that it was unaware of any reason for the fluctuation in stock prices and trading volume, or any information that must be disclosed to avoid false markets in the company's securities, or any insider information required to be disclosed in accordance with the Securities and Futures Regulations. The company also confirmed that there have been no significant changes in business operations.
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