Yinzhijie urgently clarified this evening that rumors of the company being placed under investigation are false; in the afternoon, the company’s securities representative told a Caixin reporter they were 'tracking down the source of the rumor.' Recently, multiple instances of fabricated market rumors have triggered sharp stock price declines. Authorities have already taken action against such malicious attempts to disrupt the stock market.
Caixin News, June 3 (Reporter Fu Jing) — This evening, Yinzhijie (SZSE: 300085) issued an urgent clarification statement regarding market rumors, stating: 'Rumors that the company is under investigation are untrue.' To date, the company has not received any notice or legal documents from any competent authority regarding an investigation. Its production and operations remain normal, all business activities are proceeding in an orderly manner, and there are no material matters that should have been disclosed but were not.
Today, market rumors circulated claiming that 'Yinzhijie has been placed under investigation, with a high likelihood of financial fraud, and an announcement is expected after market close.' Affected by these rumors, Yinzhijie's share price plunged sharply in the afternoon session, closing down 15.51%.
Around 3:00 p.m., a Caixin reporter visited Yinzhijie’s office in Futian District, Shenzhen, posing as an investor to verify the aforementioned rumors. The company’s securities representative stated, 'Rumors about being...
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