HKEX Halts Trading as Cryptocurrency-Related Stock Primas Falls 70%

By: theblockbeats.news|2025/11/17 21:45:54

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BlockBeats News, November 17th. According to Caixin, on November 17, 2025, Cryptocurrency concept stock Diginex (00399.HK) announced before the market opened that it was ordered by the Hong Kong Stock Exchange to suspend trading on November 26. The reason is that the Stock Exchange questioned the company's failure to meet the continued listing qualifications. The stock plummeted 73% on November 17th, closing at HK$0.064 per share, a 91% drop from its peak at the end of July.

The Hong Kong Stock Exchange pointed out that, according to Rule 13.24 of the Listing Rules, Diginex failed to maintain a sufficient level of operations and did not have sufficient asset value to support its operations, which allowed its shares to continue to be listed. Therefore, it was required to suspend trading from November 26th. Diginex responded in the announcement that it has decided to apply for a review to the Stock Exchange Listing Committee.

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