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Tiongkok Cement Maker share price delulu crash 99%...4.53% share tio force sell, Kym?



Mystery 99% Stock Crash in China Cement Maker Linked to Margin Call​

  • Tianrui Group’s shares plunged last week near trading close
  • Shares representing 4.5% were ‘forcibly sold,’ company says

By Bloomberg News
April 18, 2024 at 11:16 AM GMT+8
Updated on
April 18, 2024 at 1:30 PM GMT+8

China Tianrui Group Cement Co. said a sudden drop in its stock last week triggered a margin call for a major shareholder, shedding some light on a dramatic plunge that wiped out nearly all of its market value.

About 4.53% of the company’s stock was “forcibly sold in the open market due to the unusual price drop” on April 9, Tianrui said in a filing on Wednesday.

The 133.1 million shares were held in the margin accounts of controlling shareholder Yu Kuo Co., which is indirectly owned by non-executive director Li Liufa and his spouse.



April 18): China Tianrui Group Cement Co said a sudden drop in its stock last week triggered a margin call involving a major shareholder, explaining the dynamic behind a dramatic plunge that wiped out nearly all of its market value.

On April 9, about 133.1 million shares held in the margin accounts of the controlling shareholder — Yu Kuo Co, which is owned by Tianrui non-executive director Li Liufa and his spouse — “were forcibly sold in the open market due to the unusual price drop,” according to a company filing on Wednesday. The shares represented about 4.53% of the total.

That would also mean that around half of the selloff on the day was due to the margin call. Tianrui’s stock plunged 99% to about HK$0.05 (three sen) as about 281 million shares, or a third of its free float, changed hands, according to Bloomberg-compiled data. Of that amount, more than 80 million shares were traded during the final few minutes of the session.


The sudden and steep fall of its shares underscores the risks associated with Chinese companies that have a high shareholding concentration and are involved in owners’ margin accounts.

The trading halt for the unprofitable building materials company also coincides with an unprecedented property crisis in the country that has caused stress among developers.

Tianrui said in the statement that its business operations remain normal. But share trading will remain halted while the board seeks to clarify more information, including confirmation from Yu Kuo on whether there was an execution of another 10 million shares of margin calls.

Yu Kuo is “seeking legal advice as to whether the forced sale was in compliance with all applicable laws as well as the terms of the relevant contracts,” according to the statement. “Yu Kuo will take further action as appropriate and necessary.”

The Li couple was once one of the richest people in Henan province, jointly ranking 168 on the Hurun Report of China’s richest people in 2010 with a net worth of 6.8 billion yuan (RM4.5 billion) for their ownership in Tianrui.

The company swung to a net loss of 634 million yuan last year, from a profit of 449 million yuan in 2022, citing the sector downturn and competition.



The company that lost 99% of its value now has an explanation — a margin call​

Published: April 18, 2024 at 2:47 a.m. ET

Steve Goldstein​

China Tianrui Group Cement last week saw its stock drop 99%, and then didn’t tell investors why for more than a week.
Now, the company has an explanation — or at least part of one.

In a release to the Hong Kong stock exchange, the company HK:1252 said the stock-price fall was the result of a margin call from an investment vehicle controlled...



The Stock Market’s Fear Gauge Is Up. It’s a ‘Warning Shot.’​

Last Updated: April 17, 2024 at 10:16 a.m. ETFirst Published: April 17, 2024 at 12:30 a.m. ET

Paul R. La Monica​


The main gauge of volatility in the S&P 500 has crept higher over the past week.​

Tensions in the Middle East, sadly, are nothing new. And while investors worried about the conflict between Iran and Israel should prepare for more market choppiness ahead, some analysts argue this isn’t a reason to bail on stocks just yet.

There could be opportunities from any further pullbacks, especially in certain sectors—for investors willing to take the risk.
The S&P 500 has fallen for three straight trading days, bringing its decline this month to nearly 4% through Tuesday’s close.

The Nasdaq Composite has dropped around 3% in April, while the Dow Jones Industrial Average has slid about 5%.

Meanwhile, the main gauge of volatility in the S&P 500 has crept higher over the past week.