Asia
GalaxyCore Experiences Unusual Stock Movement
GalaxyCore (SHA:688728) said it experienced abnormal stock fluctuation within two consecutive trading days, but it found that it has no significant changes that could cause the unusual movement, according to a Shanghai bourse filing on Tuesday.The semiconductor and integrated circuit designer's closing price deviated by more than 30% from June 30 to July 1.The company conducted an internal probe that concluded it has no material changes in its operations and its production costs and sales did not experience substantial fluctuations.The company's shares fell 2% during the afternoon trade.
SHA:688728
