---
title: "Hong Kong Stock Movement: MOBICON GROUP plummets 20.00%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/258635504.md"
description: "MOBICON GROUP fell 20.00%; VST Holdings rose 0.97%, with a transaction volume of HKD 56.16 million; Changhong Jiahua fell 0.88%, with a transaction volume of HKD 7.64 million; Hard Egg Innovation fell 1.90%, with a transaction volume of HKD 6.48 million; Shijie Group fell 1.06%, with a market value of HKD 2.916 billion"
datetime: "2025-09-24T06:25:39.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/258635504.md)
  - [en](https://longbridge.com/en/news/258635504.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/258635504.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/258635504.md) | [繁體中文](https://longbridge.com/zh-HK/news/258635504.md)


# Hong Kong Stock Movement: MOBICON GROUP plummets 20.00%

**Hong Kong Stock Movement**

**Stocks with High Trading Volume in the Industry**

Changhong Jiahua fell 0.88%, with a trading volume of HKD 7.64 million. According to recent key news:

1.  On September 23, Changhong Jiahua resumed trading, with its stock price soaring by 23.91%. The parent company Sichuan Changhong announced that Changhong Jiahua is to be privatized by its controlling shareholder Hongtu Investment. This news triggered a strong market reaction, leading to significant stock price fluctuations.
    
2.  On September 22, Changhong Jiahua signed an implementation agreement with Hongtu Investment, planning to withdraw the company's listing status on the Stock Exchange through privatization. This move has created uncertainty regarding the company's future development, affecting its stock price.
    
3.  On September 22, Sichuan Changhong announced that Changhong Jiahua's stock price has long been below its net asset value, making it difficult to utilize the Hong Kong stock platform for capital operations. Privatization is aimed at enhancing the company's flexibility and reducing costs. The number of privatization delisting cases in the Hong Kong stock market is increasing, and market trading is sluggish

### Related Stocks

- [MOBICON GROUP (01213.HK)](https://longbridge.com/en/quote/01213.HK.md)

## Related News & Research

- [China's detentions of Panama-flagged vessels raise concerns, Rubio says](https://longbridge.com/en/news/281541796.md)
- [LG Chem CEO says it is difficult to secure additional Russian naphtha](https://longbridge.com/en/news/281110331.md)
- [Hon Hai's US Unit Buys Foxconn Assembly for $296 Million; Shares Drop 3%](https://longbridge.com/en/news/281130288.md)
- [Sunny Optical Tech final dividend of 120.60 HK cents per share](https://longbridge.com/en/news/281054134.md)
- [GARO AB Calls 2026 AGM, Sets Agenda on Governance, Capital Moves and CEO Incentives](https://longbridge.com/en/news/281495021.md)