Feitian Yundong (06610) fell by more than 6%, with a cumulative decline of more than 40% this week. Today's intraday low of HK$0.77 set a new low for the market. As of press release, it decreased by 4.82% to HK$0.79, with a turnover of HK$42.4627 million.
The Zhitong Finance App learned that Feitian Yundong (06610) fell by more than 6%, with a cumulative decline of more than 40% this week. Today's intraday low of HK$0.77 set a new low for the market. As of press release, it decreased by 4.82% to HK$0.79, with a turnover of HK$42.4627 million.
According to the news, Hang Seng Index recently announced the results of a series of quarterly reviews of the Hang Seng Index up to December 31, 2023. All changes will take effect on March 4, 2024. Specifically, the number of constituent stocks in the Hang Seng Composite Index was reduced from 518 to 514, of which Feitian Yundong was excluded.
Feitian Yundong stated that it did not know the reason for the unusual change in stock prices after making reasonable inquiries. It also confirmed that business operations remained normal, and that there were no substantial changes in business operations or financial conditions. The controlling shareholders, directors and senior management of the company have also not recently reduced their holdings or plans to reduce their holdings.