VGT Slumps Over 6% as Company Clarifies Normal Operations with Ample Orders
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VGTshares slumped over 6% following online rumors about its senior executives. The company clarified that the rumors are unrelated to its operations, governance, or material disclosures, and will not impact daily business. VGT stated that production and operations remain normal with ample orders. Despite the clarification, the stock opened significantly lower, hitting an intraday trough of HKD336 before closing down 6.35% at HKD345.2.
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