Zhongsheng Hldg (00881) had a cumulative increase of over 50% in the previous two trading days. This morning, it fell by more than 9% once trading resumed, and as of the time of writing, it dropped by 5.17%, closing at HK$17.96, with a trading volume of 0.447 billion Hong Kong dollars.
According to the Wise Wealth APP, Zhongsheng Hldg (00881) had a cumulative increase of over 50% in the previous two trading days. This morning, it fell by more than 9% once trading resumed, and as of the time of writing, it dropped by 5.17%, closing at HK$17.96, with a trading volume of 0.447 billion Hong Kong dollars.
On the news front, Zhongsheng Hldg announced that the company has signed a preliminary agreement with Chongqing Sokon Industry Group Stock to further negotiate on distributing its new energy autos. The announcement stated that apart from the mentioned business opportunities, they are unaware of any reasons leading to the fill price and volume of the company's shares, or any information that must be disclosed to avoid false market information about the company's securities, or any insider information required to be disclosed under Part XIVA of Chapter 571 of the Securities and Futures Ordinance of Hong Kong.
