China Tianrui Cement (01252) resumed trading yesterday and closed up 1212%, and today it has increased by more than 23%. As of the time of writing, it is up 22.22%, priced at 0.77 HKD, with a trading volume of 0.142 billion HKD.
Zhitong Financial APP learned that China Tianrui Cement (01252) resumed trading yesterday and closed up 1212%, and today it has increased by more than 23%. As of the time of writing, it is up 22.22%, priced at 0.77 HKD, with a trading volume of 0.142 billion HKD.
Regarding the news, the company announced earlier this month that the mid-term performance in 2024 is still pending confirmation and there may be further significant changes and accounting adjustments. Subsequently, the company announced the appointment of Hongliang Consulting and Assessment Limited to carry out related assessment work. Hongliang expects to issue the valuation report by December 18, 2024, or earlier.
It is reported that on April 9 of this year, the stock price of China Tianrui Cement crashed by 99% at the close. On April 10, China Tianrui Cement announced that its stocks would be suspended from trading at 9:00 a.m. on April 10, pending the issuance of an announcement regarding insider information about the company. After the suspension, the company announced that the controlling shareholder, Yu Kuo, indicated that due to the unusual drop in stock price on April 9, approximately 0.143 billion shares were forcibly sold from the margin securities account, and it is necessary to clarify whether the additional 10 million shares were properly executed for forced sale. The company subsequently stated that Yu Kuo confirmed that the forced sale of 10 million shares was not properly executed and has been canceled.