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Hong Kong Standard (April 10)

2024/ 04/ 10 by jd in Global News

“The share price of Tianrui (1252), China’s ninth largest cement manufacturer, “slumped 99 percent in the 15 minutes before the market closed yesterday,” creating a penny stock. The “free fall…also slashed the company’s market capitalization to just HK$141 million from HK$14.6 billion – meaning HK$1 billion evaporated every minute.”