Group 1 - The stock of Dongfang Zhenxuan (1797.HK) experienced significant volatility on August 19, with an initial surge of over 23% in the morning, reaching a new intraday high since February 2023, followed by a sharp decline of 20.89% by the close, settling at 34.32 HKD [1] - A rumor circulated online regarding New Oriental CEO Zhou Chenggang being investigated by regulatory authorities for allegedly misappropriating company interests through related-party transactions, which was later denied by New Oriental as a false claim [1] - Prior to this volatility, Dongfang Zhenxuan had shown strong performance, with a monthly increase of 85% in July and a cumulative rise of 144% in August [4] Group 2 - Following the announcement of Dong Yu Hui's departure from Dongfang Zhenxuan in July 2023, the stock plummeted over 23% on the first trading day after the news, resulting in a market value loss of 3 billion HKD and hitting a low of 8.92 HKD during intraday trading [4]
东方甄选股价大跳水,新东方紧急声明