June 9 morning Nanshan Holdings shares hit the daily limit down. Wind data show
a midday close of 2.39 yuan, down 10.15%. The company said the share move
reflected multiple factors, that operations have not changed and the decline was
mainly driven by speculative trading. It said its property business is focused
on stock (existing) development; its warehouse and logistics unit is cyclical
and at a relative trough, with properties held for cash‑flow returns and asset
management. The company also said its manufacturing operations remain a
meaningful portion of the business.
