Core Viewpoint - The stock of Oriental Selection (01797) experienced significant volatility, initially rising nearly 5% but later closing down 20.89% amid rumors regarding CEO Zhou Chenggang's involvement in regulatory investigations [1] Group 1: Stock Performance - Oriental Selection's stock opened nearly 5% higher and saw a peak increase of over 23% before closing down 20.89% at HKD 34.32 [1] - As of the latest update, the stock is up 4.72% at HKD 35.94, with a trading volume of HKD 102 million [1] Group 2: Rumors and Company Response - The company issued a statement refuting rumors about CEO Zhou Chenggang being under investigation for related party transactions, labeling them as false [1] - The claim regarding Oriental Selection's commission rate being over 30% was also denied, with the actual average commission rate reported to be below 20% [1] - The company has initiated legal action against the spread of these rumors [1] Group 3: Market Analysis - Analyst Yan Zhaojun from Zhongtai International noted that the stock's price fluctuations were driven by short-term capital, with significant selling pressure observed during the afternoon session on August 19 [1] - The analyst indicated that while there may be potential for a rebound, such market movements led by speculative funds are often not sustainable [1]
港股异动 东方甄选(01797)高开近5% 公司辟谣新东方CEO被查 称产品平均佣金率不到20%