Changes in Hong Kong stocks | Zhongyuan Construction (09982) resumed trading after more than 20 months, soared nearly 64% in early trading

The Zhitong Finance App learned that Zhongyuan Construction (09982) suspended trading on April 2, 2024, and resumed trading after a lapse of more than 20 months. This morning, it soared by nearly 64%. As of press release, it had risen 38.18% to HK$0.152, with a turnover of HK$24.926,500.

According to the news, on the evening of December 19, Zhongyuan Construction issued an announcement stating that it had fulfilled the guidelines for resuming trading, which mainly included publishing all unpublished financial results and resolving any audit revisions. So far, the principal amount of ten loans totaling 750 million yuan provided by the Group to a number of real estate companies has been fully repaid, and the outstanding interest is 53 million yuan. The company has instructed legal advisors to review and pursue them.