BAO PHARMA-B Plunges 64% on Heavy Turnover; Included in Hong Kong Stock Connect in Early Mar
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BAO PHARMA-Bsaw a significant drop of 64.06%, closing at HKD26.92 after opening down 0.4%. The stock experienced heavy turnover of 24.2661 million shares, totaling HKD739 million. Despite a remarkable rise to HKD206 in late February, profit-taking amid earnings pressure led to the decline. The company reported a revenue of RMB49.156 million last year, a 698% increase YoY, but losses widened to RMB395 million. BAO PHARMA-B was included in the Hong Kong Stock Connect on March 9.
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