Understanding the Market | DING YI FENG Holdings plummets over 42%, giving back nearly all gains from the past month, expected to be suspended from trading starting June 30
DING YI FENG Holdings plummeted over 42%, giving back nearly all gains from the past month. As of the time of publication, it fell 42.68%, trading at HKD 0.235, with a transaction volume of HKD 4.4963 million. In terms of news, DING YI FENG Holdings announced that two executive directors are expected to resign after the annual general meeting of shareholders on June 27, 2025, which is anticipated to create vacancies in positions/roles. The company is still looking for candidates with suitable capabilities and qualifications to fill the vacancies, and it is expected that no suitable candidates will join the company's board in the short term. Therefore, after the annual general meeting of shareholders, it is highly likely that the board will not have any executive directors. In light of the above situation, the company expects that it will not be able to continue its main business activities related to investment in listed and unlisted entities after the annual general meeting of shareholders. The company anticipates applying to the Hong Kong Stock Exchange Limited to suspend trading of its shares from 9:00 AM on June 30, 2025 (Monday) until the situation regarding the executive directors is resolved
According to Zhitong Finance APP, DING YI FENG Holdings (00612) plummeted over 42%, giving back nearly all gains from the past month. As of the time of publication, it fell by 42.68%, trading at HKD 0.235, with a transaction volume of HKD 4.4963 million.
In terms of news, DING YI FENG Holdings announced that two executive directors are expected to resign after the annual general meeting of shareholders on June 27, 2025, which is anticipated to create vacancies in positions/roles. The company is still looking for candidates with suitable capabilities and qualifications to fill the vacancies, and it is expected that no suitable candidates will join the company's board in the short term. Therefore, after the annual general meeting of shareholders, it is highly likely that the board will not have any executive directors.
In light of the above situation, the company expects that it will be unable to continue its main business activities related to investment in listed and unlisted entities after the annual general meeting of shareholders. The company anticipates applying to the Hong Kong Stock Exchange Limited for a suspension of trading of its shares starting from 9:00 AM on June 30, 2025 (Monday), until the situation regarding the executive directors is resolved