HTF was told this week by Hong Kong’s Securities and Futures Commission (SFC) that its shares would remain frozen until further notice, as the regulator continues a probe into the company’s activities.
Trading in HTF’s stock halted at the company’s own request in late May after its shares plunged 47% in a single morning trading session, shaving $19bn off its market capitalization.
The company has been beset by questions over its business model, particularly claims that its rapid growth has been fuelled mainly by sales of equipment to its own parent group.
That
