HC's 17% slump in market value 20%

On the morning of October 13, the company launched a sharp fall in the market from Hong Kong gem to the main board of the stock exchange, which fell more than 17% in the previous trading day. As of the press, HC NET fell 13.94%, the market value of 7.689 billion Hong Kong dollars, compared to the opening day of the listing of HK $9.611 billion, shrinking 20.1%.

Today, HC Net opened in 13.48 Hong Kong dollars, as of today, the lowest price of 11.14 yuan, volume 3 million shares. Today, the Hang Seng Index in Hong Kong opened at 22,884, and closed at 22941.13 in the afternoon, down 0.64%.

There have been some episodes in the Hui Cong Network turntable, and the application for transfer Board was first submitted to HKEx in May 2013, and after the change of single major shareholder, it did not comply with the relevant policies of HKEx. April 15, 2014, HC again submitted to the Board application and ultimately successful.

HC Network focuses on the industrial business-to-business business, seeking matching information and services for both buyers and sellers, while attempting to intervene in the trading process. At present, the main income of HC network from the Internet Membership services, business directory, Yellow Pages directory, meetings and other services. (Ivan)