Reported 8 months ago
A major Chinese light-electronics company, ST Asador, has been marred by a continuous halt in trading for 29 days, resulting in a plummet of 77.84% in stock value since May. With three out of four production bases already shut down and reports of key items being removed from its headquarters, over 270,000 investors are left stunned. Founded in 2006, ST Asador initially focused on manufacturing solar panel frames and expanded into various segments without establishing a core business. The company's losses in recent years culminated in a sharp 49% decline in the first quarter of this year, leading to widespread dismay among investors and doubts about the firm's leadership and financial standing.
Source: YAHOO