Sino-Environment drops 70%

Sino-Environment made an announcement this morning stating that the company’s bondholders have requested for certain information in respect of the company and Mr. Sun Jiangrong, the majority shareholder and the Chairman of Sino-Environment. The company is currently dealing with the request and will continue to make announcements when necessary. The share suspension was lifted this morning. In view of the uncertainties shrouding the company, and worries over its insolvency, the stock got sold down this morning by 73% to 8.0cts. We advise to avoid the stock for now as selling pressure is likely to remain intense in the short term.

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