Zhuguang Hold (01176) plummeted 17% in early trading, down 15.11% to HKD 0.118 as of the press release, with a turnover of HKD 18.2943 million.
According to the Wisdom Wealth APP, Zhuguang Hold (01176) plummeted 17% in early trading, down 15.11% to HKD 0.118 as of the press release, with a turnover of HKD 18.2943 million.
On the news front, as of August 16th, HSI announced the latest quarterly review results, with Zhuguang Hold being removed from the Hang Seng Composite SmallCap Index. The relevant changes will take effect after the close of trading on September 6th and will be effective from September 9th.
CITIC Securities released a research report stating that Zhuguang Hold may be removed from HK Connect due to shrinking market cap, a lack of liquidity, or violation of relevant regulations. It is worth noting that as of August 16th, the Hong Kong Connect holding ratio of Zhuguang Hold was as high as 20.64%.