FilingReader Intelligence
Greenland Holdings shares plunge 20% amid subsidiary concerns
July 11, 2025 at 12:49 PM UTC•By FilingReader AI
Greenland Holdings' shares fell 20% over three consecutive trading days following media reports about its Hong Kong subsidiary's involvement in virtual asset matters.
The company said the subsidiary generated less than 1% of total revenue in 2024. Greenland Holdings reported 2024 revenue of 240.64 billion yuan but posted a net loss of 15.52 billion yuan.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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