Changes in Hong Kong stocks | Huajin International Holdings (02738) rebounded 38% yesterday, and the stock price once surged 11 times. The company said it was unaware of the reason for the stock price fluctuation

The Zhitong Finance App learned that Huajin International Holdings (02738) rebounded 38%. The stock soared in the afternoon, and at one point it soared more than 11 times. As of press release, it decreased by 38% to HK$0.248, with a turnover of HK$2.998,500.

According to the news, in response to recent unusual changes in the company's shares, Huajin International Holdings stated that after enquiry, the board of directors confirmed that it was unaware of any reason for such changes in the company's shares; any information that must be disclosed to avoid false markets in the company's securities; or any insider information required to be disclosed under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong). The Board of Directors also confirmed that the Group's business operations remain normal.

According to reports, Huajin International Holdings is an investment holding company mainly engaged in cold steel processing business. The company is mainly engaged in processing hot-rolled steel coils into customized cold-rolled bars, steel sheets, welded steel pipes and coated products. In the first half of this year, Huajin International Holdings achieved revenue of 132 million yuan, a year-on-year decrease of 82.06%; loss during the period was 109 million yuan, a year-on-year decrease of 79.11%.