Glonghui, June 19 | Tengda Construction (600512.SH) opened and fell rapidly and came to a standstill. The stock price fell below the 2 yuan mark, a new low since April 2009, and the total market value was at risk of 3 billion yuan. Dongying Tenghua, a joint venture with 30% of the company's shares, has been included in the list of enterprises operating irregularly due to major credit risks in accounts receivable. It is expected to reduce the company's net profit of 2024 by 44.872 million yuan. The company is making every effort to verify the cause and take measures to deal with it.
A股异动丨腾达建设逼近跌停 联营企业东英腾华出现重大信用风险
A-share volatility | Tengda Construction Group is approaching the limit down. Joint venture company Dongying Tenghua is facing significant credit risks.
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