According to Mars Finance, the cryptocurrency concept stock Star Chain (00399.HK) announced that it has been ordered by the Hong Kong Stock Exchange to suspend trading due to the Exchange's questioning of the company's ability to meet the continuing listing requirements. The stock fell 73%, closing at 0.064 HKD/share, which is a 91% evaporation compared to the highest price at the end of July. The Hong Kong Stock Exchange pointed out that, according to Listing Rule 13.24, Star Chain has failed to maintain an adequate level of operations and does not have sufficient valuable assets to support its operations, which allowed its shares to continue to maintain their listing status, hence the requirement for it to suspend trading starting November 26. In response, Star Chain stated in the announcement that it has decided to apply for a review by the Listing Committee of the Exchange.
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