Hong Kong-listed Huarong International Financial Holdings Ltd., a subsidiary of China’s state-owned distressed debt manager China Huarong Asset Management Co. Ltd., tumbled as much as 60 per cent on Tuesday, hitting HK$0.235, the lowest since its market debut in 1994.
According to information from the trading system of Futu Securities International, Cornerstone Securities Ltd, the biggest broker of the company's publicly traded shares, sold a net 13.7 million shares of Huarong International Financial . . .
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