STOCKS | Hasen Shares Fall More Than 9% Intraday After Company Comments on Seasonal Shoe Business

According to Jin10, Hasen shares fell sharply today, dropping more than 9% intraday and closing down 6.65%. The company said the stock price is affected by multiple factors, that its traditional leather shoe business is seasonal with a more pronounced pattern, and that shoe prices are relatively low in summer. It also said performance information on the cross-industry acquisition of Suzhou Langkes should be based on the company’s announcement.