Tem Fat Hing Fung slumps 14% over forced liquidation

Tem Fat Hing Fung (0661) further plummeted sharply in the morning session and stood at HK$0.023 at 11:39:49 am HKT, shedding 14%. Chairman and leading shareholders of the company Chan Fat Chu Raymond and Chan Fat Leung Alexander were forced to liquidate for their mortgaged 300 mln shares of the company. The stock once plunged 26% to the lowest of HK$0.02.

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