On November 17, according to Caixin, the cryptocurrency concept stock 00399.HK announced before the opening of the market on November 17, 2025 that it was ordered by the Hong Kong Stock Exchange to suspend trading on November 26 because the stock exchange questioned the company's failure to meet the continuous listing qualification. The stock plunged 73% on November 17 and closed at HK $0.064/share, which was 91% lower than the highest share price at the end of July.
The Hong Kong Stock Exchange pointed out that according to Article 13.24 of the "Listing Rules", Astro Chain failed to maintain an adequate level of operation and did not have assets of sufficient value to support its operations, so that its shares could continue to be listed, so it was required to suspend trading on November 26. Astro Chain responded in the announcement and decided to apply to the Listing Committee of the Stock Exchange for review.
The Hong Kong Stock Exchange suspended trading, and the Hong Kong cryptocurrency concept stock Star Chain plunged 70%.
2025-11-17 12:16:46
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