Yangtze Optical Fibre and Cable Flags Unusual Stock Movement; HK Shares Up 5%

MT Newswires Live

06/05

Yangtze Optical Fibre and Cable (SHA:601869, HKG:6869) experienced an abnormal stock fluctuation for three consecutive trading days, but its operations remain normal, according to a Shanghai bourse filing on Friday.

The company's closing stock price between June 2 and June 4 was more than 20%, exceeding the bourse's threshold.

The company's probe found that it does not have a significant disclosure that could affect its stock movement.

The Chinese cable manufacturer's Hong Kong shares jumped 5%, while Shanghai shares rose 2% during the morning trade.

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