99% stock drop of China Tianrui Group Cement Co. due to margin call-induced forced share sale.

China Tianrui Group Cement Co.'s stock drop by 99% was triggered by a margin call involving a major shareholder, causing shares worth 4.53% of total value to be forcibly sold. This plunge wiped out nearly all of Tianrui's market value. The sudden and steep fall of its shares highlights the risks associated with Chinese companies with high shareholding concentration and those involved in owners' margin accounts.

April 18, 2024
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