Victory Giant Assures Normal Operations Following Market Rumors

MT Newswires Live07-14 11:23

Victory Giant Technology (HKG:2476, SHE:300476) clarified that recent online rumors regarding its leadership carry no impact on its corporate operations, product pipeline, or market share, according to a Shenzhen bourse filing on Monday.

The printed circuit board manufacturer issued the clarification after personal social media allegations concerning its chairman, Chen Tao, triggered a sharp market sell-off, erasing roughly 20 billion yuan from the company's valuation.

Victory Giant said its long-term market position is stable, noting that multiple clients have already secured product demand timelines extending through 2027 and 2028.

The company's Hong Kong-listed shares fell 4% in recent trade.

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