22 July, Tianrui Cement announced that the Listing Division of the Stock Exchange had issued instructions for the resumption of trading in the Shares, and that the Listing Committee of the Stock Exchange had recently upheld the decision of the Listing Division to instruct the resumption of trading in the Shares.
The Company has requested the Listing Review Committee of the Stock Exchange to review the decision of the Listing Division and the decision of the Listing Committee. As at the date of this announcement, the hearing of the Listing Review Committee has not yet been held.
It is understood that on April 9, 2024, the Hong Kong stock price of China Tianrui Group Cement Co., Ltd. fluctuated sharply, with a flash crash at the end of the day. The stock price fell from HK $4.92 per share to HK $0.048 per share, a decline of up to 99.3%, and the total market value evaporated by HK $14 billion. On the morning of April 10, China Tianrui Cement announced a short suspension on the Hong Kong Stock Exchange.
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