South China City (01668) fell by more than 11%. As of press release, it was down 11.27% to HK$0.126, with a turnover of HK$1.0694 million.
The Zhitong Finance App learned that South China City (01668) fell by more than 11%. As of press release, it fell 11.27% to HK$0.126, with a turnover of HK$1.0694 million.
According to the news, on September 9, South China City Holdings issued an announcement stating that two of the company's executive directors announced their resignations; among them, Geng Mei resigned as executive director and group operating president, and Zheng Jiawen resigned as executive director and authorized representative of the Hong Kong Stock Exchange Limited. Meanwhile, Zheng Songxing, Co-Chairman and Executive Director of South China City, will also serve as an authorized representative of the Hong Kong Stock Exchange. Xu Hongxia has been appointed as an executive director and chairman of Harbin Huanan City Co., Ltd.
According to reports, in the first half of this year, South China City achieved revenue of HK$1.215 billion, a year-on-year decrease of 51.7%; parent company owners should account for a net loss of HK$4.311 billion, an increase of 594% over the previous year. Also, on September 10, Hong Kong Stock Exchange's list adjustments officially came into effect. Among them, 33 stocks including South China City were removed.