HK's Coolpad hits near 10-year low; resumes trade after near 28-month halt

Coolpad

19/07/2019 03:32

** Shares of wireless solution service provider and mobile
phone maker Coolpad Group Ltd  2369.HK  plunge as much as 61.1%
to HK$0.28, their lowest since Sept 2009, as stock resumes trade
after nearly 28 months of suspension
    ** Stock top percentage loser across the board, ranks 9th
most-actively traded shares in early trade
    ** The stock later recoups some of the losses to trade at
HK$0.44, still down 38.2%
    ** Trading in Coolpad shares was suspended since March 31,
2017 on company's request
    ** Company has current market value of HK$2.16 bln ($276.5
mln)
    ** Coolpad says trading resumed after fulfilling all
resumption conditions including publishing all outstanding
financial results, and conducting investigations to address
issues raised by its auditors https://bit.ly/2JPpuNE
 
    ** The Hong Kong Hang Seng Commerce & Industry Index  .HSNC 
rises 1.1%, while the Hang Seng sub-index tracking information
technology firms  .HSCIIT  also up 1%
    ** The Hong Kong benchmark index  .HSI  climbs 1.2%
 ($1 = 7.8124 Hong Kong dollars)

 (Reuters Messaging: donny.kwok.thomsonreuters.com@reuters.net)