SHANGSHAN GOLD (01939) saw its stock price plummet by 17.02% during intraday trading on Thursday, marking one of the steepest declines in recent sessions.
The sharp drop followed the announcement that Chairman Huang Shikun disposed of 41.4 million shares, reducing his stake from 65.28% to 57.19%. Such a significant insider sell-off raised concerns among investors about the company's future prospects, leading to heavy selling pressure.
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