Original title: China's Ding Yifeng (0612.HK) resumed trading and plummeted by more than 90%, and the Hong Kong Securities Regulatory Commission decided to begin legal proceedings over its alleged market manipulation activities Source: Gelonghui

January 23 | China Dingyifeng (0612.HK), which has been suspended since March 7, 2019, resumed trading today and plummeted. Currently, it is reported at HK$2.2, down 90.47%, with a provisional transaction value of HK$30 million, with an updated total market value of HK$2.8 billion.

The Hong Kong Securities Regulatory Commission announced yesterday that it has decided that it will initiate legal proceedings against a number of people (including one or more Chinese Ding Yifeng personnel) in connection with the alleged market manipulation activities of China's Ding Yifeng (0612.HK). Furthermore, the Hong Kong Securities Regulatory Commission also decided to withdraw its instructions on March 8, 2019 relating to the suspension of China Ding Yifeng stock trading.