Huis­han trad­ing halt ex­tended

New Straits Times - - Business -

HONG KONG: Hong Kong’s se­cu­ri­ties reg­u­la­tor or­dered a trad­ing halt in shares of China Huis­han Dairy Hold­ing Co Ltd, in­def­i­nitely ex­tend­ing a sus­pen­sion that’s been in ef­fect for more than a month as con­cerns grow about the com­pany’s fi­nances.

The un­usual move by the Se­cu­ri­ties and Fu­tures Com­mis­sion fol­lows a warn­ing by China’s could em­ploy to get cash in Ma­cau, he said.

The Bloomberg In­tel­li­gence in­dex of Ma­cau gaming shares largest in­te­grated dairy firm last month that it was un­able to op­er­ate be­cause most of its board had quit.

Trade in Huis­han’s stock has been sus­pended since March 24 at the com­pany’s re­quest, when it plunged 85 per cent.

The com­pany has also missed loan pay­ments and lost con­tact with a key ex­ec­u­tive in charge of its fi­nances and cash. Reuters dropped as much as 0.8 per cent yes­ter­day, while the Hang Seng In­dex gained as much as 0.6 per cent. Bloomberg


Hold­ers of China UnionPay Co cards is­sued by banks in China must now show main­land iden­ti­fi­ca­tion cards and be ver­i­fied through a fa­cial recog­ni­tion sys­tem be­fore mak­ing with­drawals at au­to­mated teller ma­chines in Ma­cau.

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