$SKY BLUE 11 (01010.HK)$ According to the Hong Kong securiti...
$SKY BLUE 11(01010.HK$ According to the Hong Kong securities app Zhitong Finance App, Buck 1798 Group (01010) plummeted yesterday and fell 37%, and today it fell more than 50% and paused. Before the shutdown, it fell 50.4% and traded at HK$1.24, with a trading value of HK$5,542,400 and a total market value of less than HK$500 million.
On the news side, according to data from the Hong Kong Stock Exchange, from October 19 to November 10, the main shareholder Zhongying International Holdings Group Co., Ltd. disposed of Buck 1798 Group 7 times. In total, approximately 152 million shares have been disposed of, and the latest holding ratio has dropped to 15.36%.
It should be noted that in the public notice issued by Buck 1798 Group on 10/11, the company was informed by the controlling shareholder Zhong Ying Gui that it would allocate up to 209 million shares owned by the company. As of the date of this announcement, the share allocation of 209 million shares accounts for approximately 56.50% of the total number of shares issued by the company. It also includes all shares owned by the seller.
On the news side, according to data from the Hong Kong Stock Exchange, from October 19 to November 10, the main shareholder Zhongying International Holdings Group Co., Ltd. disposed of Buck 1798 Group 7 times. In total, approximately 152 million shares have been disposed of, and the latest holding ratio has dropped to 15.36%.
It should be noted that in the public notice issued by Buck 1798 Group on 10/11, the company was informed by the controlling shareholder Zhong Ying Gui that it would allocate up to 209 million shares owned by the company. As of the date of this announcement, the share allocation of 209 million shares accounts for approximately 56.50% of the total number of shares issued by the company. It also includes all shares owned by the seller.
I don't understand it at all even after reading it!
Is this the rumored asset replacement?!
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半永久的に(仮) : If it's an asset replacement, they should have anticipated this situation, but there's no explanation, so it's a reason.