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Tianrui Group Cement Controlling Shareholder Discloses Forced Sale of Shares
China Tianrui Group Cement (HKG:1252) said 133.09 million shares held by the margin securities accounts of Yu Kuo, a controlling shareholder, were "forcibly sold" on April 9 due to an unusual price dr
MT NewswiresApr 18 09:13 ET
The Company That Lost 99% of Its Value Now Has an Explanation - a Margin Call
By Steve Goldstein China Tianrui Group Cement last week saw its stock drop 99%, and then didn't tell investors why for more than a week. Now, the company has an explanation - or at least part of one
MarketWatchApr 18 02:47 ET
Some of the company's shares held by the controlling shareholder of China Tianrui Cement (01252) were forcibly sold and trading continued to be suspended
China Tianrui Cement (01252) announced that the shares of the company concerned were temporarily suspended from trading on the Stock Exchange. According to Yu Kuo Co., Ltd...
Zhitong FinanceApr 17 10:38 ET
China Tianrui Cement (01252) is suspected to have been maliciously shorted, and the biggest reason may be the exhaustion of liquidity in Hong Kong stocks
On April 9, the stock price of China Tianrui Cement (1252.HK) fell 90% at the end of the session. The total market value evaporated from over HK$14 billion to only HK$140 million remaining. The net market ratio fell directly to 0.01 percent lower than the industry average. This 10 billion cement giant, a subsidiary of China's top 500 companies, is suspected of being maliciously shorted. The trading volume of 200,000 shares alone triggered a 30% drop. Because it had already triggered stop-loss positions with many brokerage firms, each brokerage firm closed their positions one after another, creating a “stomping effect”, and its stock price hit HK$0.1 within the next 5 minutes. As of press release, the company had issued a brief suspension notice before the market, and the relevant staff list
金吾財訊Apr 15 06:47 ET
This Stock Lost 99% of Its Value, and the Company Still Hasn't Said Why
By Steve Goldstein You don't need to be a technical analyst to know this chart isn't good. China Tianrui Group Cement (HK:1252) had its stock plunge 99% late on Tuesday, on no corporate news announc
MarketWatchApr 10 07:32 ET
Thrilling! After the collapse, individual Hong Kong stocks surged close to 750%. Some investors chanted “cut the bottom”
Read the bottom carefully
Gelonghui FinanceApr 10 01:39 ET
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