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SFC to commence proceedings for suspected manipulation in China Ding Yi Feng (0612)
SFC, 22-Jan-2020
Against a number of individuals including at least 1 officer of the company. It's unclear whether the proceedings will be civil or criminal. Trading resumes tomorrow, but 32.37% remains frozen by the investigation. The bubble stock was suspended at $23.08 but net assets are just $0.07, so prepare for a spectacular, HK$28bn crash.
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