The Zhitong Finance App learned that Desu Holdings (08437) resumed trading after a lapse of more than 1 year and fell by more than 61% in the afternoon. As of press release, it decreased by 57.28% to HK$0.044, with a turnover of HK$1,894,800.

According to the news, trading of Des Holdings Co., Ltd. was suspended on the Stock Exchange on April 3 last year. Trading resumed today after more than a year of suspension due to the conditions for resuming trading. According to information, Des Holdings dismissed the former chairman Loh in September 2022, indicating that he lacked leadership ability and that the company continued to suffer huge losses since 2020. In March of last year, when the company disclosed an internal control review, it was discovered that Loh was suspected of misappropriating the company's funds, unauthorized representation of the company's guarantees, etc. Subsequently, the company announced that in view of the investigation of Dr. Loh, on April 19, 2023, the board of directors decided to suspend all administrative and executive duties and powers of Dr. Loh as an executive director and director of the company's relevant subsidiaries, with immediate effect until further notice.