moomoo ID:0
Log Out
  • English
  • 中文繁体
  • 中文简体

China Tian Lun Gas Says Unaware of Reasons for 'Unusual' Price, Trading Volume Movements

MT Newswires ·  02/23/2022 18:00

04:56 AM EST, 02/23/2022 (MT Newswires) -- China Tian Lun Gas Holdings (HKG:1600) said it was unaware of what caused the "unusual fluctuations" in its share price and trading volume on Tuesday.

The urban pipeline gas operator expects to raise HK$414 million in net proceeds from a share placement for development of rooftop photovoltaic projects and clean energy heating services, as well as for working capital and general corporate purposes, according to a late same-day filing.

China Tian Lun controlling shareholder Tian Lun Group is offloading its 50 million shares in the firm for HK$8.40 each. China Tian Lun will then issue the same number of new shares to Tian Lun Group as part of the top-up placement, a previous disclosure said.

Share volume traded 29.5% higher to 593,000 on Tuesday from Monday.

Price (HKD): $6.87, Change: $-0.21, Percent Change: -2.97%

This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty as to its adequacy, completeness, accuracy or timeliness for any particular purpose of the above content.

Moomoo is a financial information and trading app offered by Moomoo Technologies Inc.
In the U.S., investment products and services available through the moomoo app are offered by Moomoo Financial Inc., a broker-dealer registered with the U.S. Securities and Exchange Commission (SEC) and a member of Financial Industry Regulatory Authority (FINRA)/Securities Investor Protection Corporation (SIPC).
In Singapore, investment products and services available through the moomoo app are offered through Moomoo Financial Singapore Pte. Ltd. regulated by the Monetary Authority of Singapore (MAS). Moomoo Financial Singapore Pte. Ltd. is a Capital Markets Services Licence (License No. CMS101000) holder with the Exempt Financial Adviser Status. This advertisement has not been reviewed by the Monetary Authority of Singapore.
In Australia, financial products and services available through the moomoo app are provided by Futu Securities (Australia) Ltd, an Australian Financial Services Licensee (AFSL No. 224663) regulated by the Australian Securities and Investment Commission (ASIC). Please read and understand our Financial Services Guide, Terms and Conditions, Privacy Policy and other disclosure documents which are available on our websites and Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd. and Futu Securities (Australia) Ltd are affiliated companies.