At 10.55 am in the morning.

Suddenly, Moore Group had a stock suspension.

The stock suspension signified the temporary halt of trading.

From this moment, the shares of Moore Group were sealed. There was no rise and fall until trading resumed.

To apply for a stock suspension from the commission required a very strong reason. For Moore Group, the reason for the stock suspension was because the group had a huge announcement to make. 5 Generally, stock suspensions happened before a listed group made an important announcement. This was to prevent insider trading and stop the informed from being opportunistic.

For example, in the past, Amazing Tiger 360 used to be a very famous internet company. 5

They sought to be listed in Oskia and were able to be listed in the local A-shares albeit via the backdoor.

This was the so-called backdoor listing. 3

and the waiting time was too long, it would rather buy another listed company to enable it to reach the target of being listed although it would

because it saved a lot of time. If they were to independently list themselves, they would need at least one to two years, which would most likely cause them to miss out on many

decided on a backdoor listing, all the shareholders were guessing on one thing-which listed company

company beforehand, they would be able to buy that company's shares earlier. Then, when 360 successfully managed to be listed, they would earn a lot of money when

type of news was normally highly confidential within the company. Only the upper management would know

to important matters, people only then realized

then because SJEC's shares had been suspended. There was no trading, and even the chance to

was also the

would transform from a leaderless group to one where a new chairperson would take over. This was good news for the company. Thus, an announcement was needed after the

6

***

10.55 am, at Moore Group's

invited journalists were already

country's investors also paid attention to this

The Novel will be updated daily. Come back and continue reading tomorrow, everyone!

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