Reported 10 months ago
According to Liberty Times Net, China's solar industry company Aikang Technology is facing a crisis with the boss fleeing and the stock plummeting for 31 consecutive days since officially becoming an ST stock in May. Nearly 280,000 shareholders and retail investors have suffered losses. Aikang Technology's internal operations have come to a halt, with four subsidiary companies shutting down and even the office printers being removed. With the market value previously reaching as high as 30 billion RMB, Aikang Technology is now just an empty shell. The company's stock was halted from trading starting today due to consecutive days of closing prices below 1 yuan according to Shenzhen Stock Exchange regulations.
Source: YAHOO