HK's Forgame hits 15-1/2-month low on stricter fund transfer rules

Forgame Holdings

30/07/2018 05:04

** Shares of online wealth management services and internet
micro-credit services provider Forgame Holdings Ltd  0484.HK 
fall 6.1 pct to HK$7.64, lowest since April 18, 2017 
    ** Co said on Sunday it had adjusted the rules on fund
transfer by users and has introduced certain restrictions on
transfer of funds on its fintech platform (https://bit.ly/2LZ9Sa0)
 
    ** Co says the stricter regulatory environment for the
fintech industry may affect user experience, leading to a
reduction in the number of users in its fintech platform
    **  
    ** As of previous close, stock had fallen 25.46 pct so far
this year 
    ** As of 0335 GMT, about 258,100 shares of the
Guangdong-based company change hand, compared with their 30-day
moving average of 135,000 shares a day
    ** Hong Kong benchmark stock index  .HSI  slides 0.8 pct

 (RM: donny.kwok.thomsonreuters.com@reuters.net)