China Huajun in Early Talks with a Party for Potential Asset Sale
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China Huajun (00377.HK) issued a Hong Kong stock exchange announcement on September 22, addressing unusual fluctuations in its share price. The company's board stated that after reasonable inquiries, it is not aware of any specific reason for the price movement, nor does it have any information that must be disclosed to prevent a false market or any inside information requiring disclosure under the Securities and Futures Ordinance. However, the board informed shareholders that the company is currently in preliminary discussions with an unnamed party regarding a potential sale. As of the date of the announcement, these negotiations are ongoing. The announcement serves to clarify the company's position amid the stock volatility and to disclose the early-stage nature of the sale talks.
Source report
September 22 – China Huajun (00377.HK) has issued a statement on the Hong Kong Stock Exchange regarding unusual fluctuations in its share price today.
Following all reasonable inquiries under the current circumstances, the Board of Directors confirmed that it is not aware of any reasons for the share price movement. The Board further stated that there is no information that must be announced to prevent the creation of a false market in the company's shares, nor any inside information required to be disclosed under Part XIVA of the Securities and Futures Ordinance.
The Board also informed that the company is currently in preliminary discussions with a third party regarding a potential disposal. As of the date of this announcement, the negotiations remain ongoing.
Source
金十数据Neutral / independent