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Major Shareholder of SANERGY GROUP (02459.HK) Forced to Sold 370M Shrs; Co. Resumes Trading Tdy
SANERGY GROUP (02459.HK), which suspended trading mid-session after a 98.4% crash yesterday (3 Sep), announced its knowledge of the drop in the share price and the increase in trad...
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Major Shareholder of SANERGY GROUP (02459.HK) Forced to Sold 370M Shrs; Co. Resumes Trading Tdy
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SANERGY GROUP (02459.HK)  -0.004 (-2.597%)   , which suspended trading mid-session after a 98.4% crash yesterday (3 Sep), announced its knowledge of the drop in the share price and the increase in trading volume of its shares.

The company was informed by Otautahi Capital that a total of 370 million shares, representing about 36.64% of the company's entire issued share capital, were forcibly sold by securities companies in the open market through margin securities accounts yesterday. The number of shares held by Otautahi Capital was reduced to 212 million shares, representing 21.02% of the Company's share capital.

The group confirmed that it has maintained normal business operations and there has been no material change in its business operations and financial position. Save as disclosed above, it is not aware of any reasons for such price and volume movements, or any information which is required to be disclosed to avoid a false market in the securities of the Company, or any inside information required to be disclosed under Part XIVA of the Securities and Futures Ordinance.

SANERGY has applied to the Stock Exchange for resumption of trading in its shares with effect from 9 am today (4 Sep).

(HK stocks quote is delayed for at least 15 mins.)

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