ST Huke warns of potential delisting amid trading volatility

Shanghai Broadband Technology (ST Huke) [SSE:600608] has issued a warning regarding abnormal stock trading fluctuations and potential delisting. The company anticipates a net loss of approximately 520 million RMB for 2024 and highlights that if its audited financials for 2024 reveal a net loss and revenue below 300 million RMB, it faces delisting risk. The announcement also addresses the unresolved issue of funds occupied by the former controlling shareholder and related parties. The company noted that it is taking measures to address these issues and advises investors to exercise caution due to the inherent risks of stock market investments, as the stock's trading experienced a cumulative upward deviation of 12% over three trading days.