The trade of the $17 (-1,35%) and the subsidiary $825 was suspended today. This surprise 😮 for investors was necessary because there were rumors that the CEO Adrian Cheng would resign.

Today, the earnings of

$17 (-1,35%) were published today.

As already announced at the beginning of September, a loss of 20 billion Hong Kong dollars is expected. (The slide in the share price at that time as a reaction had convinced me to $17 (-1,35%) to get in).

This is the first loss in the last 2 decades. The reason given is that NWD took on too many major projects at the same time, resulting in high write-downs.

It now remains to be seen who will take over from Adran Cheng and how the market will react to this news.

Trading is expected to resume on Friday, September 27. It remains exciting.