Bai Da Group Says Shares Hit Abnormal Trading Volatility After 20% Three-Day Drop

Bai Da Group said on September 15 that its shares fell by a cumulative more than 20% over the three trading days of September 11, September 14 and September 15, meeting Shanghai Stock Exchange criteria for abnormal trading volatility. According to Jiemian News, the company said its core businesses are commodity retail and leasing, and that operations, business order, and the operating environment had not changed materially from previously disclosed information. It also said that, as of September 15, the company, its controlling shareholder and its actual controller had no other material matters that should have been disclosed but were not, including major asset restructuring, share issuance, major transactions, business restructuring, share buybacks, equity incentives, bankruptcy reorganization, major business cooperation or the introduction of strategic investors.