Hong Kong Stock Alert | POLY PROPERTY (00119) Falls Over 9% Amid Merger Speculation Following Poly Developments Equity Adjustment, Company Issues Urgent Clarification

Stock News
10/13

POLY PROPERTY (00119) surged 19% on heavy volume last Friday but dropped over 9% in early trading today. As of press time, the stock was down 8.67% to HK$1.79, with turnover reaching HK$49.19 million.

On the news front, POLY PROPERTY issued an announcement disclosing that it was aware of the recent increase in the company's share price and trading volume. After making inquiries regarding the relevant circumstances and company information, the company confirmed that it was not aware of any reasons causing the price and volume fluctuations, nor any information that must be disclosed to avoid creating a false market in the company's securities. The company also advised shareholders and potential investors not to rely on relevant market rumors.

Previously, market rumors suggested that Poly Developments And Holdings Group Co.,Ltd. becoming a first-tier subsidiary of Poly Group could be a prelude to integration with POLY PROPERTY. Related personnel from Poly Developments told media that the company's equity adjustment was mainly in response to requirements for reducing corporate hierarchy levels, with no changes to other structural or management arrangements. Poly Developments has always been a major subsidiary of Poly Group and has been directly managed by the group.

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10