Bright Oceans Inter-Telecom stock halted amid volatility

Bright Oceans Inter-Telecom Corp (SSE:600289) has announced a trading halt of its A-shares, effective February 18, 2025, due to significant stock price volatility. The company's stock has experienced substantial gains since January 14, triggering multiple abnormal trading alerts. Management believes the share price has deviated significantly from the company's fundamentals. The company expects the suspension to last no more than three trading days, pending an internal review. The announcement also reiterated previous risk warnings, including potential delisting due to non-compliance with rectification requirements related to funds occupied. The company is facing possible delisting due to financial issues and internal control deficiencies.