The Shares Fell 70 Minutes On Tuesday, Reaching A New Low Of 70%.

Headquartered in Nanjing

The stock market moved in early trading on Tuesday. After half an hour's opening, Hong Kong stock cliffs collapsed and fell by 70% in about 70 minutes, with a drop of 70.77% to HK $0.38.

The above situation usually occurs after serious accusations against short selling agencies. The Hong Kong stock listed HOSA International (2200.HK) in June 29th had a similar situation. After half day's share price plummeted 86.19%, the market was suspended. The market suspected that it was related to the previous Collectible charge of Chinese sports retail industry collectively.

However, there are no reports of any short selling or financial fraud charges in the near future.

Nanjing

The sharp fall in the stock price in July 24th was linked to the announcement of the company's replacement of auditors in the middle of the month.

After July 11th, the company announced that it had changed its auditor. DDT, who was responsible for the group audit, resigned as the auditor of the Nanjing company because of the factors such as the cost of the workflow and the internal resources. The board and the board of auditors are looking for and appointing the new auditor to fill the vacancy.

In the near future, the company has a major connection with the company. In May 10th this year, the announcement was issued to buy the old British department store through the "two step" way of buying and increasing the capital.

The controlling stake of Ryder's department store is 34% yuan, which costs RMB 612 million yuan, or HK $754 million 500 thousand, and the additional cost is 69 million 992 thousand pounds, or HK $747 million.

However, whether it is

And its controlling shareholder Nanjing Xinjiekou department store Limited by Share Ltd (600682.SS) (hereinafter referred to as "Nanjing new hundred") recent restructuring experience is not smooth.

Among them, the debt restructuring of House of Fraser is facing a huge threat. The CVA agreement of the company has been challenged by some landlords. The retailer asked the landlord to make a voluntary agreement of 75% yuan for rent reduction to help him restructure, and the landlord was sent to the court. However, Nanjing Xin Bai had experienced a continuous limit in A shares.

After the early morning diarrhea, C.banner International Holdings Ltd. (1028.HK) has not issued a temporary suspension notice, nor has it explained the stock price movements. At noon, the stock recovered some land lost, closing at HK $0.78, plunging 40%, trading volume 467 million, the turnover amounted to HK $318 million, and at closing price, the company's market value was only HK $1 billion 620 million.