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China Huajun Plunges Over 70% in Three Days, Market Cap Below HK$200 Million
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Shares of China Huajun (00377) continued their sharp decline, falling over 18% in the latest session, bringing the three-day cumulative drop to over 70%. The stock traded at HK$0.985, with turnover of HK$1.3963 million, and total market capitalization fell below HK$200 million. The company recently announced it is in preliminary discussions with an unnamed party regarding a potential asset sale, though no formal agreement has been reached and terms remain unconfirmed. China Huajun is an investment holding company with three core businesses: printing, trading and logistics, and property development and investment. In the first half of the year, the company reported revenue of 623 million yuan, down 9.14% year-on-year, and a net loss attributable to shareholders of 325 million yuan, narrowing 15.26% from the prior-year period.
Source report
Hong Kong — Shares of China Huajun (00377) continued their sharp decline on Tuesday, falling over 18% in early trading. The stock has now lost more than 70% of its value over the past three trading sessions.
As of the time of reporting, the stock was trading at HK$0.985, down 18.26%, with a turnover of approximately HK$1.396 million. The company's total market capitalization has fallen to less than HK$200 million.
Background
China Huajun recently announced that it is in preliminary discussions with an unnamed party regarding a potential asset disposal. The company stated that negotiations are ongoing, and no formal agreement has been reached. The terms and conditions of the potential sale have yet to be finalized.
Business Overview
China Huajun is an investment holding company engaged in three core businesses:
- Printing
- Trading and logistics
- Property development and investment
Financial Performance
In the first half of this year, the company reported:
- Revenue of RMB 623 million, a decrease of 9.14% year-on-year
- Loss attributable to shareholders of RMB 325 million, narrowing by 15.26% compared to the same period last year
Source
智通财经网Regional
Part of this Story
China Huajun shares plunge over 70% in three days after disclosing preliminary sale talks