The Zhitong Finance App learned that White Pigeon Online (02672) opened 2.69% higher this morning to HK$42.0. Earlier it surged more than 12%, then dived again, falling from HK$42.56 to HK$35.96, down 12.08%. It is worth noting that the company experienced a cliff-style flash crash at the end of the session yesterday. The single-day decline was as high as 72.08%, almost erasing the huge increase accumulated over the previous two months. As of press release, it decreased by 4.35% to HK$39.16, with a turnover of HK$108 million.
According to the news, White Pigeon Online issued an announcement last night saying that the board of directors recently learned that several entities linked to unauthorized financing platforms use or display the company's name, brand logo and stock code without the company's authorization, and allegedly publish or display documents in the name of the company or Tu Jinbo, the company's executive director, chairman and CEO. This may mislead people into thinking that such entities are related to the company.
In response, Bai Ge Online stated that the company, controlling shareholders and its members do not have any equity, management, business cooperation or financial dealings with the above entities or platforms, and that Tu Jinbo and others have not held any positions in them. It also said it would report the case to the public security and financial supervisory authorities in Xiamen and Shenzhen. According to reports, White Pigeon Online's urgent refutation of rumors is mainly related to recent “whale” platform thunderstorms. Earlier, Red Star Capital Bureau reported that the relevant staff replied that it had nothing to do with Xiamen Jicaishen Company, the operating company of the White Pigeon Online Whale Platform.