Friday, March 14, 2008

Funny old day on the market for HC

They may have been dumped fairly unceremoniously by prospective marriage partners Global Sources and their share had been down from a 52 week high of HK$1.65 to below HK$0.50, but something went on today late afternoon and HC International's share price shot up 53% to close at HK$0.75. Volume was just 674,000 units, worth HK$500,000 at the closing price.

The price has been bouncing around for a few days and CEO Guo Fansheng yesterday issued a notice to the market in which he said "The board of directors (the “Board”) of HC International, Inc. (the “Company”) has noted the change in price and increase in trading volume of the shares of the Company (the “Shares”) on 13 March, 2008 and wish to state that the Board is not aware of any reason for such change". Hmmm. Something's up.

1 comment:

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