The Zhitong Finance App learned that China's Huajun (00377) fell more than 40% this morning. The stock accelerated its decline at the end of the session yesterday and finally closed down 52%. As of press release, it fell 30.33% to HK$1.47, with a turnover of HK$1.32 million.

According to the news, on the evening of September 22, China's Huajun issued an announcement stating that preliminary discussions are currently being held with a party on a potential sale, and negotiations are still ongoing. The terms and conditions relating to the potential sale have not been implemented, and the Group has not entered into a formal agreement on the potential sale.

The announcement stated that the abnormal fluctuation in stock prices yesterday was noted. After enquiry, the board of directors confirmed that it was unaware of any reason for the stock price fluctuation, nor did it have any information or insider information that must be disclosed to avoid false market conditions in the company's stock market.

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