On August 19th, Best Mart 360 (2360.HK) fell more than 13% to HKD 1.35 at the beginning of trading, reaching a new low since August 2022. Currently, the decline has narrowed to within 4%. In terms of news, Best Mart 360 announced last night that on Friday (August 16), Executive Director and CEO Xu Zhiqun received notification that he was arrested by the Independent Commission Against Corruption (ICAC) for investigation and suspected of violating the Prevention of Bribery Ordinance (Chapter 201 of Hong Kong law). The stock was suspended on Friday and resumed trading today. The company stated that Xu Zhiqun has not been prosecuted yet. According to the information currently available to the Board of Directors, the Board believes that the incident is not related to the company, and the arrest has not had a significant adverse impact on the Group's business and operations, which are still normal. In addition, the company does not know of any other undisclosed inside information.
港股异动丨优品360复牌一度跌超13%，行政总裁被廉署拘捕
Hong Kong stock market anomaly | Best Mart 360 resumed trading with a temporary drop of more than 13%, and the CEO of the company was arrested by the ICAC.
The translation is provided by third-party software.
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.