STOCKS | Aerospace Engineering Says It Has No Commercial Space Business After Share Price Volatility

Aerospace Engineering said its shares triggered an abnormal trading volatility notice after the stock’s cumulative deviation in daily closing price gains reached 20% over three consecutive trading days. According to Jin10, the company said it had conducted an internal review and verified the situation with its controlling shareholder and actual controller. The company said its production and operating activities were normal and that its internal and external operating environment had not seen major changes. It also stated that it is not involved in commercial spaceflight or other space-related businesses. Aerospace Engineering said it had not found any major events or sensitive information that could materially affect its share price. It added that its controlling shareholder, actual controller, directors, and senior management did not trade the company’s shares during the period of the abnormal movement.