The Zhitong Finance App learned that New City Construction and Development (00456) once rose more than 8% in early trading, the stock price dived in the afternoon, and the decline increased by more than 52% at the end of the session. As of press release, it fell 50% to HK$0.59, with a turnover of HK$126.18,600. The total market value was less than HK$70 million.

According to reports, at the end of March, New City Construction and Development announced its annual results for the year ended December 31, 2023. The Group's turnover was HK$173 million, a year-on-year decrease of 4.03%; shareholders' losses amounted to HK$126 million, an increase of 65.22% over the previous year. A loss of 138.53 cents per share. No final interest will be paid.

Furthermore, according to documents disclosed by the Hong Kong Stock Exchange on April 19, Han Junran sold 6 million shares of New City Construction and Development shares worth about HK$3.6 million off the market at an average price of HK$0.6 per share on April 18. After the sale, Han Junran's latest shareholding was 70.255 million shares, and the good position ratio dropped from 65.03% to 59.92%.