Stock price of Kin Pang Holdings plummets over 80%
2nd January 2025 – (Hong Kong) As the New Year unfolds, the Hong Kong stock market has failed to maintain the momentum from the previous year, experiencing a decline of more than 300 points on its first trading day. This drop resulted in the index falling below the crucial 20,000 mark. Among the notable movements, Kin Pang Holdings Limited (HKG:1722), a company engaged in construction and equity services in Macao, saw its shares plummet by over 80%, marking it as the largest decline of the trading session. The stock was trading at HK$0.088 at 10.08am, down 81.86%.
Just a day prior, Kin Pang’s shares had skyrocketed by an astonishing sevenfold to HK$0.485, leaving many investors in disbelief….
