Huaxing Capital Holdings (01911) resumed trading yesterday and plummeted by more than 10% in early trading. As of press release, it fell 10.2% to HK$2.2, with a turnover of HK$13.9659 million.
The Zhitong Finance App learned that Huaxing Capital Holdings (01911) resumed trading yesterday and plummeted by 66% and fell more than 10% in early trading. As of press release, it fell 10.2% to HK$2.2, with a turnover of HK$13.9659 million.
According to the news, on the evening of September 6, Huaxing Capital issued an announcement stating that Xu Yanqing, the wife of the controlling shareholder Bao Fan, was appointed as a non-executive director and that Sun Qianhong resigned as a non-executive director, all effective September 6. Previously, on September 5, Huaxing Capital re-issued a total of 4 financial reports for 2022, the first half of 2023, 2023, and the first half of 2024. In the first half of this year, Huaxing Capital Holdings achieved operating income of approximately RMB 0.329 billion, a year-on-year decrease of 38.7%; the net loss attributable to company owners was RMB 73.822 million, a year-on-year decrease of 59.02%.
Additionally, Huaxing Capital Holdings announced that the four executive directors (holding a total of 2.2% shares) and four executive directors promised not to sell any company shares from September 8 to March 7, 2025. Each executive director may issue a written notice to the company 5 days in advance to terminate its lock-up commitment.