Changes in Hong Kong stocks | China Construction Development (00830) fell more than 8% in the afternoon Hong Kong Buildings Department says it is investigating the billion-yuan villa steel bar quality incident

The Zhitong Finance App learned that China Construction Development (00830) fell by more than 8% in the afternoon. As of press release, it decreased by 8.21% to HK$0.615, with a turnover of HK$1,238,800.

According to the news, on the evening of October 3, the Building Department of the Hong Kong Special Administrative Region Government of China issued a notice stating that it is investigating the incident. Currently, it was discovered that a beam protection layer on the lower floor of the detached house involved was not equipped with a steel wire mesh according to the plan, and that the steel bar configuration of some of the floor panels did not match the plan. The detached house is part of the ONE STANLEY project located in the Stanley area of Hong Kong.

ONE STANLEY's developer and project seller told the media that they attached great importance to the Buildings Department following up on some construction quality issues of the detached house, and that recent comments made on social media on this matter will be seriously followed up. According to the official real estate website, the general contractor of the property is Haiyue Construction Engineering Co., Ltd., a wholly-owned subsidiary of China Construction Development.