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Penghentian perdagangan selesai diperiksa, ST Jinglan akan kembali berdagang mulai 20 Maret
Beijing Business Daily (Reporter Ma Huanhua, Li Jiaxue) on the evening of March 19, ST Jinglan (000711) announced that the company has conducted an investigation into the recent stock price fluctuations. As the self-inspection has been completed, the company’s stock will resume trading from March 20.
The announcement shows that from January 23 to March 12, the price increase of ST Jinglan was 176.79%, during which the stock experienced multiple abnormal trading fluctuations and one instance of severe abnormal fluctuation. According to the regulatory updates published on the Shenzhen Stock Exchange official website, the company’s stock has recently been under close monitoring by the Shenzhen Stock Exchange. Some investors engaged in abnormal trading behaviors that affected the normal order of stock trading, and the exchange has taken disciplinary measures such as suspending trading for relevant investors.
ST Jinglan stated that recently, the company’s stock price has experienced significant fluctuations influenced by market sentiment, concept speculation, and other factors. Some market opinions have over-interpreted and overly optimistic expectations regarding the company’s new business development, asset injection, renaming, and market value growth after valuation restructuring, which are significantly inconsistent with the company’s current actual performance.