AAFN - Latest News
DBA TELECOM (03335.HK) reportedly short of operating capital
2013-06-06 09:38:56

Apple Daily reported that although DBA TELECOM (03335.HK)  0.000 (0.000%)   claimed it has $737 million in cash, the Chairman and controlling shareholder Yu Long Rui has been raising capital through multiple channels last year, resulting in suspicion on the company's account. Some traders disclosed that Yu once tried to lend $10 million by using the shares as pledge, but the agreement was not reached. Meanwhile, the Company delayed the annual result announcement and the stock price once slumped over 50% yesterday.

The trading in the stock was suspended, pending for further announcement on reason.

AAStocks Financial News
Web Site:

News Provided by

Quote is delayed for at least 15 mins
Financial Information: HK Stocks | HK Futures | HK Options | Warrants | CBBCs | Forex | Gold | Hong Kong Indices | World Indices | Shenzhen A-shares | Shenzhen B-shares |
Shanghai A-shares | Shanghai B-shares | US Stocks
Member Services: Free Services | Streaming Quotes | Technical Analysis | Charts | Real-time Snapshot | Company Profile | Market News
Information Provided: Quotes | Technical Analysis | Charts | Announcements | Company Profile | IPOs | Market Calendar | A.I | Block Trades | Research | Market Reports | Market News
Stock Quote: Real-time Quote | Latest Quote | Real-time Chart | Real-time Top 20 | Portfolio Anywhere | Investment Advice | Forex Quote | Funds
Note: Ltd, HKEx Information Services Limited, its holding companies and/or any subsidiaries of such holding companies endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.
Copyright 2009 Ltd. All rights reserved.