Source: CCTV.com

04-05-2007 14:09

China's stock regulator on Wednesday again suspended the trading of Hangxiao Steel Structure Company, after feverish trading of the stock over the first two days of the week.

The company's shares jumped 6.8 percent in the first minute of trading to nearly 14 yuan on Wednesday.

Hangxiao Steel Structure's stock trading was banned for 10 trading days beginning March 19, after it was accused of rigging stock prices by announcing it had landed an enormous contract in Africa. Its shares surged by the daily allowable limit of 10 percent for 10 straight days ending March 16.

 

Editor:Li Yang