EG Finance fell 87.18% intraday to a pre-set minimum price of 0.01 Hong Kong dollars on the Hong Kong stock market, with a turnover of 2.7 million Hong Kong dollars and a market cap of 77.76 million Hong Kong dollars. On the news side, EG Finance announced last night that it had received a letter from the Stock Exchange, and according to the listing rules, the group failed to maintain sufficient business operations and assets of considerable value to support its operations, allowing its shares to continue trading. The group's shares will be suspended from trading on September 2, unless the group applies for a review of the decision under Chapter 2B of the listing rules. As of the end of December 2023, the company's net current liabilities were approximately 0.551 billion Hong Kong dollars and its net liabilities were approximately 0.652 billion Hong Kong dollars. The company stated that it is still reviewing the letter, and is in internal discussions and discussions with professional advisors, and has not yet decided whether to request a review of the decision. If the Listing Committee reviews the decision, the outcome of the review is uncertain. Note: According to the latest price consultation from the Hong Kong Stock Exchange (i.e., the minimum unit of increase and the price range in Hong Kong stocks), the minimum price per share of Hong Kong stocks is 0.01 Hong Kong dollars. According to past cases, even if the stock price falls to near 0.01 Hong Kong dollars, if the listed company successfully "consolidates shares", it can cause the stock price to rise, but also effectively re-establish the downward space.
跌到地板!港股大中华金融暴跌87%至0.01港元
Plunged to the floor! G China Fin's Hong Kong stock plummeted 87% to HKD 0.01.
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