Brief: 51 Credit Card Updates On Oct 21 Share Price Drop

Vala

22/10/2019 24:19

Oct 22 (Reuters) - 51 Credit Card Inc  2051.HK :
    * NOTES THAT SHARE PRICE OF CO HAS DROPPED SIGNIFICANTLY
AFTER
NOON OF 21 OCT
    * ON 21 OCT, CO'S OFFICE IN HANGZHOU, ZHEJIANG WAS UNDER
ON-SITE
INVESTIGATION CARRIED OUT BY RELEVANT GOVERNMENT AUTHORITIES OF
PRC
    * BUSINESS OPERATIONS & FINANCIAL POSITIONS OF GROUP REMAIN
NORMAL
AND HEALTHY, AND ASSETS OF GROUP HAVE NOT BEEN SEIZED OR FROZEN
    * BOARD CURRENTLY DOES NOT EXPECT INCIDENT TO HAVE MATERIAL
ADVERSE IMPACT ON DAILY BUSINESS OPERATIONS & FINANCIAL
POSITIONS OF GROUP

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS5jR3gb
Further company coverage:  2051.HK 

 ((Reuters.Briefs@thomsonreuters.com;))