Drinda New Energy Says No Undisclosed Information After A-Share Trading Spike

MT Newswires Live11:38

Hainan Drinda New Energy Technology (SHE:002865, HKG:2865) said it is not aware of any undisclosed material information behind recent movements in its mainland-listed share price, according to a Monday Hong Kong bourse filing.

Shares of the photovoltaic cell manufacturer were down nearly 14% in Tuesday morning trade in Hong Kong, while its Shenzhen-listed shares were down over 7%.

The company said the cumulative rise in the closing price of its A-shares reached 20% over three consecutive sessions from Jan. 22 to Jan. 26, triggering an "unusual price movement" alert under Shenzhen Stock Exchange trading rules.

Drinda said operations remain normal, with no material changes in business conditions or the operating environment.

The company added that there are no undisclosed matters requiring disclosure, no pending major transactions or planning matters, and no violations of information disclosure rules.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment