Apr 11, 2024 05:13 AM
FINANCE
Chinese Cement Maker Halts Trading After Shares Fall 99% in 15 Minutes
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Based in the central Henan province, Tianrui’s stock plunged 99% to about HK$0.05 Tuesday
(Bloomberg) — A Chinese cement producer was in the spotlight after it suspended stock trading Wednesday, following a selloff that nearly wiped out all its market value in the final 15 minutes of the previous session.
China Tianrui Group Cement Co. Ltd. said trading in its Hong Kong-listed shares has been halted from 9 a.m. local time, pending an announcement related to inside information.
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