weehingthong

CHINA TIANRUI CEMENT SUSPENDS TRADING IN HONG KONG ON WEDNESDAY, PENDING INSIDE INFORMATION ANNOUNCEMENT. https://t.co/wQaSefMIg3

— CN Wire (@Sino_Market) April 10, 2024

Things you dont see everyday:
China Tianrui Group cement company dropped -99% today or $1.9billion pic.twitter.com/IZDtrd6Zfs

— kpak (@kpak82) April 10, 2024

Insane chart of the day

Chinese cement company Tianrui lost 99% of its value in the final 15 minutes of trading yesterday during a massive sell-off

Its market cap went from $1.9 billion to $18 million pic.twitter.com/3cy9ZF5VJ8

— Morning Brew ☕️ (@MorningBrew) April 10, 2024

The stock of central Henan-based 🇨🇳 cement producer China Tianrui Group Cement Co (天瑞水泥) plunged 99% to about HK$0.05 in the final 15 minutes of the trading session on Tue Apr 9, nearly wiping out all its market value.

During the selloff, about 281 million shares, or a third… pic.twitter.com/XGWwkTlvJl

— Byron Wan (@Byron_Wan) April 10, 2024

Chinese company Tianrui Cement with a 59 million tonne cement capacity crashed 99 % in 15 minutes with promoters owning 70 % of the shareholding.

First Real estate companies and now cement companies, China is collapsing like a pack of cards. pic.twitter.com/qQfGD9Z0tW

— Rishi Bagree (@rishibagree) April 10, 2024