Understanding the Market | COASTAL GL temporarily suspended trading during the session, dropping over 60% before the suspension, erasing all gains for the month

COASTAL GL saw a low of HKD 0.25 during intraday trading, giving back all gains for the month. The stock was suspended during trading, and before the suspension, it fell 60.67% to HKD 0.295, with a trading volume of HKD 13.6901 million. According to the official website of COASTAL GL, the coastal real estate sector serves as a professional real estate development and operation platform under COASTAL Holdings. Its main company, "COASTAL Green Home Limited," was established in Hong Kong in 1990 and was listed on the main board of the Hong Kong Stock Exchange in 1997. The business areas involved include urban development operation services and real estate project development operation services. It is reported that COASTAL GL announced its annual results for the year ending March 31, 2025, at the end of June, with revenue of approximately HKD 115.8 million, a year-on-year increase of about 26.73 times; the loss attributable to shareholders was approximately HKD 382 million, a year-on-year narrowing of 72.7%. Notably, COASTAL GL announced in early January this year that a piece of land in Jinzhou District, Dalian, Liaoning, was reclaimed, with compensation of HKD 109 million