Shares in theme park and entertainment company Camsing International plunged by as much as 90 per cent on Monday after it emerged that its chairman and founder has been arrested in China.
Hong Kong-listed Camsing told territory’s stock exchange late on Friday that founder Lo Ching, also known as Vivian Lo, was “currently being held in criminal custody” by the Shanghai Public Security Bureau. The statement did not give a reason for Ms Lo’s detention.
On Monday morning, shares in the company fell as much as 90 per cent before pulling back marginally to trade down 86 per cent.
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