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Shares in a Chinese dairy company plunged 85% in just minutes

Shares in a Chinese dairy company plunged 85% in just minutes

Friday, March 24, 2017, 3:33 PM

Shares of China Huishan Dairy Holdings collapsed 85% in Hong Kong before the company halted trading on Friday, wiping out about $4.1 billion (£3.2 billion) in market value. Shares were down as much as 91% before recovering slightly to HK$0.42 before the lunch time trading break, with more than 779 million shares changing hands.
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