Modern Innovative Says No Undisclosed Matter That Warrants Stock Price Movement

MT Newswires Live09-01

Modern Innovative Digital Technology (HKG:2322) said there were no undisclosed matters that would warrant an unusual movement in its stock price, according to a Hong Kong filing Monday.

Shares of the food and electronic trading company gained nearly 5% in morning trade Monday.

The company said it had taken notice of the decrease in its share price and increase in trading volume on Aug. 29.

Save for the sale of 46,544,000 shares by executive director Lau Hoi Kit's stock broker that was triggered by the price drop, there were no developments that would warrant a price movement, the company said.

The company added there were no material changes to its business operation or financial position.

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