Cement News tagged under: trading halt
Tianrui stock crash linked to margin call19 April 2024, Published under Cement NewsThe 99 per cent drop in the stock of China Tianrui Group Cement Co last week triggered a margin call for a major shareholder and wiped out nearly all of its market value. About 4.53 per cent of the company's stock was "forcibly sold in the open market due to the unusual price drop" on 9 April, the company said in a filing. The 133.1m shares were held in the margin accounts of controlling shareholder Yu Kuo Co, which is indirectly owned by non-executive director Li Liufa and his spouse, re... |
China Tianrui Group Cement shares drop 99%10 April 2024, Published under Cement NewsChina Tianrui Group Cement Co Ltd shares fell 99 per cent to around HKD0.05 (US$0.006) on 9 April, pushing its market capitalisation to HKD141m. About 281m, a third of the company’s shares, changed hands during the sell-off. Of this total, more than 80m shares were traded in the last minutes of the closing auction. The Cayman Island-incorporated company said trading in its Hong Kong-listed shares would be suspended at 9.00h local time on 10 April pending an announcement related to insider in... |
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