Guiguan Electric Power Says No Material Information Drove 20% Stock Rally; Shares Down 4%
MT Newswires Live
Jul 21
Guangxi Guiguan Electric Power (SHA:600236) said it found no material matters that could have caused its recent abnormal stock trading after its shares triggered an abnormal trading fluctuation for three consecutive trading days, according to a Tuesday filing with the Shanghai bourse.
The company's closing share price between July 16 and July 20 posted a cumulative deviation of more than 20%.
The company conducted an internal probe and found no material information, market rumors, or undisclosed information that could have triggered the unusual stock movement.
Shares of the power producer dropped nearly 4% in Tuesday midday trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.