Volkswagen Cars (06830.HK) said that the Board of Directors noticed unusual fluctuations in the company's share price today (10th) and, after reasonable enquiries, confirmed that it was not aware of any information to be disclosed to prevent fraudulent markets in the Company's securities, or under Cap. 571 of Hong Kong law. ANY INSIDE INFORMATION DISCLOSEABLE UNDER SECTION XIVA OF THE SECURITIES AND FUTURES ORDINANCE. The Board of Directors confirmed that the Company's business operations were normal and that there were no significant adverse changes in the operating and financial situation.
The Chinese car market suffered a wash in the morning, with the share price falling by more than 90% to reach a low of $0.22, a half-day yield of $0.42, still down 81.4%, with a volume of 0.639 billion shares traded at $0.2789 billion.
