Source: Global Network
[Global Network Comprehensive Report Reporter Zhao Youping] Next Media’s stock price has changed significantly for days. The Hong Kong Securities Regulatory Commission issued a rare statement saying that it will closely monitor trading activities related to Next Media and remind investors to be extra cautious when trading.
Screenshot of the Hong Kong "East Net" report
According to Hong Kong "East Net" report, Next Media founder Jimmy Lai was arrested by the police on the 10th on suspicion of violating the Hong Kong National Security Law. Next Media's stock price has changed for several days. After opening at HK$1.4 this morning (12th), it immediately reached the market high of HK$1.75, and then quickly fell to HK$1.12; it temporarily fell at HK$1.3, with a transaction of approximately HK$700 million. At the close of the market on August 7 (Friday), Next Media's share price was only HK$0.09.
According to the Hong Kong Economic Daily, in just two days on the 10th and 11th, Next Media's stock price rose 14 times, from " sen stock " (that is, its price is lower than HK$1, so it can only be used as a unit of denomination) to "mosquito stocks" (low-priced stocks).
Regarding the abnormal movement of Next Media's stock price, the Hong Kong Securities Regulatory Commission issued a rare statement on some companies on the 11th, saying that it received a large number of inquiries related to the recent sharp rise in the price and trading volume of Next Media shares, as well as the overall public attention to the matter. Due to the abnormal increase in the company's stock price, investors are reminded to be extra cautious when trading.
statement also stated that the CSRC has been monitoring the above situation and will continue to closely monitor transaction activities related to Next Media. The association will also cooperate with the Stock Exchange to require Next Media to promptly disclose all future developments and information related to its control, financial status and operations, and may have a significant impact on the company's share price, and to avoid false markets in its securities.
Hong Kong Securities Regulatory Commission webpage screenshot
Next Media’s stock price is changing. On the 11th, Deng Decheng, chairman of the Hong Kong Political Research Association, wrote to the Hong Kong Securities Regulatory Commission in his personal name and formally complained that the association did not suspend Next Media’s in real time. This ultimately caused the stock price to change significantly in the market, which may damage investors’ rights and affect the reputation of the Hong Kong stock trading market. Deng Decheng asked the association to correct the error as soon as possible and suspend Next Media immediately until the incident is reasonably explained.
htmlOn 11th, in response to a question from a foreign media reporter "local people in Hong Kong compete to buy stocks of Apple Daily and the newspaper's parent company Next Media", Foreign Ministry spokesman Zhao Lijian responded, "This is probably a selective report of the media! As far as I know, China's countermeasures against the US on Hong Kong issues have been widely supported by the Hong Kong people, and the so-called sanctions of the US have been widely condemned by the Hong Kong people."
