Upon resumption of trading, China General Edu (02175) opened more than 50% lower, as of the time of publication, dropped by 50.8%, at 1.53 Hong Kong dollars, with a turnover of 0.1209 million Hong Kong dollars.
According to the Wisdom Financial APP, China General Edu (02175) resumed trading with a more than 50% lower opening. As of the time of publication, it dropped by 50.8%, at 1.53 Hong Kong dollars, with a turnover of 0.1209 million Hong Kong dollars.
On the news front, China General Edu announced that it has met the requirements of the resumption guidance, including: conducting appropriate independent investigations, disclosure, and remedial actions regarding allegations related to the company's initial public offering and the use of proceeds; disclosing all undisclosed financial performance and dealing with any audit revisions; and conducting independent internal monitoring reviews to demonstrate that the company has sufficient internal monitoring and procedures to fulfill its responsibilities under the listing rules.
It is reported that China General Edu has been suspended since November 29, 2022. In April of this year, China General Edu announced that the company is still working hard to prepare the full-year performance of 2022, the mid-term performance of 2023, and the full-year performance of 2023. The company will continue to work closely with the auditors to finalize and publish the outstanding financial performance as soon as possible and send out the 2022 annual report, 2023 interim report, and 2023 annual report. As mentioned above, the mid-term performance for 2024 will not be published within the designated time frame of the listing rules.