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Investors Don't See Light At End Of 3D Medicines Inc.'s (HKG:1244) Tunnel And Push Stock Down 27%
Hong Kong stock market fluctuations | 3D MEDICINES-B (01244) falls more than 5% in mid-day trading, the stock price hits a new low, and the market cap evaporates more than 90% from its peak.
During trading, 3D MEDICINES-B (01244) fell more than 5% and hit a new low of HKD 4.53 since its listing, with its market cap evaporating over 90% from its peak. As of the time of writing, it has dropped 3.55% to HKD 4.62 with a turnover of HKD 3.7161 million.
3D Medicines to Appoint New Auditors
3D MEDICINES (01244) has recommended appointing Modern Ancheng Certified Public Accountants Co., Ltd. as its auditor.
Finance and Economics News App reports that 3D MEDICINES (01244) announced that EY will retire as the company's auditor at the end of the upcoming shareholder annual meeting on June 28, 2024, at which time the current term will expire. As the board of directors failed to reach an agreement with EY on the audit fees for the audit work for the year ending December 31, 2024, the board of directors will not seek to renew EY's contract. Upon the recommendation of the company's audit committee, the board of directors has resolved to appoint Modern Ancheng Certified Public Accountants Co., Ltd. as the company's auditor after EY's retirement, commencing from the shareholders
3D Medicines Inc.'s (HKG:1244) Price Is Right But Growth Is Lacking After Shares Rocket 27%
3D MEDICINES: Annual Report 2023
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