Understanding the Market | MODERN INNO DT fell over 12% again, with its stock price halved in the last three trading days. Executive Director Liu Haijie’s shares were forcibly sold
MODERN INNO DT fell over 12% again. Notably, the stock was temporarily suspended from trading on August 29 in the afternoon, having dropped 41.75% before the suspension, and after resuming trading yesterday, it closed down over 7%. As of the time of writing, it has dropped 12.04%, trading at HKD 0.19, with a turnover of HKD 10.2436 million. In terms of news, MODERN INNO DT recently announced that on August 29, the company's price fell while trading volume increased, primarily due to the sale of 46.544 million shares of common stock held by executive director Liu Haijie by his brokerage firm. Following the completion of the forced sale, Liu Haijie holds a total of 195 million shares, representing approximately 4.7% of the total issued share capital. The announcement stated that, aside from the disclosures mentioned above, the directors are not aware of the reasons for the unusual price drop and increased trading volume of the aforementioned shares. The board also confirmed that the group maintains normal business operations and that there have been no significant changes in the group's business operations and financial condition
According to Zhitong Finance APP, MODERN INNO DT (02322) has fallen over 12% again. Notably, the stock was temporarily suspended from trading on August 29 in the afternoon, having dropped 41.75% before the suspension, and after resuming trading yesterday, it closed down over 7%. As of the time of writing, it has dropped 12.04%, trading at HKD 0.19, with a transaction volume of HKD 10.2436 million.
In terms of news, MODERN INNO DT recently announced that on August 29, the company's price fell while trading volume increased, primarily due to the sale of 46.544 million shares of common stock held by executive director Liu Haijie by his brokerage firm. Following the completion of the forced sale, Liu Haijie holds a total of 195 million shares, representing approximately 4.7% of the total issued share capital. The announcement stated that, aside from the disclosures mentioned above, the directors are not aware of the reasons for the unusual price drop and increased trading volume of the aforementioned shares. The board also confirmed that the group maintains normal business operations and that there have been no significant changes in the group's business operations and financial condition
