Halt 🤔…🫰💵🤑
$CN HEALTH TECH(01069.HK$ soon as the halt ends it, price should be quite higher i presume
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YodaBlissOP : I don’t understand why the halt has lasted this long…
KTSC YodaBlissOP: It says halt on the moomoo app however, it is a suspended stock, and I do not believe that is the same thing. My understanding is that a suspension can last up to 18 months and then the stock Delists.
73212842 KTSC: It’s suspended??
KTSC 73212842: Baosha Development (01069) announced that trading of the company's shares on the Hong Kong Stock Exchange Limited has been suspended for a short time since 9:00 a.m. on August 17, 2023, pending the publication of an announcement on the very significant acquisition matters constituting the company's insider information.
Sanju KTSC: Agree but at same time it also says the reason for suspension and duration of the time is short. The company just started trading from 07/28 after 18 months of suspension. I don’t think the company can afford another suspension for that long after opening on 07/28. It has been only 15 trading days since they started trading. I think there is something else going on i.e. true acquisition, filing bankruptcy or major restructuring, or may be negotiation with major share holders like banks. Just a thought.
KTSC Sanju: Hope you are right but no one knows for sure. I contacted a financial advisor and all he said we can do is wait.
Sanju KTSC: Yes, all we can do is wait. We just need to have faith and patience alive. Where did you contact financial advisor? In US or HK?
KTSC KTSC: International traders in the US that trade on the HK EXCHANGE.
73015995 Sanju: They hired an external company that are specialized in restructuration (RSM) directed by Arab osman Mohammed. This guy and his partner also got issued 140M shares of 1069 so it points towards the hood direction…
Sanju 73015995: What does this mean? Are we heading up or down? Is this the latest information?
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