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EAST BUY Initiates Police & Legal Proceedings in Response to Rumors
Recommend 16 Positive 34 Negative 23 |
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Rumors circulating online in mainland China claimed that Zhou Chenggang, CEO of NEW ORIENTAL-S (09901.HK), is under investigation. EAST BUY (01797.HK) once snowballed by 23.8% to $53.7 after midday, but plummeted in the tail market. It closed down 20.9%. The rumors about Zhou are pure rumors, and that the claim that EAST BUY's commission rate has long exceeded 30% is seriously untrue, EAST BUY issued a statement saying. The company's actual average commission rate is less than 20%. In response to the aforementioned rumors, EAST BUY has initiated police and legal proceedings, and will pursue illegal activities to the fullest extent. AAStocks Financial News Website: www.aastocks.com |
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