Urban Development(City Developments Limited, referred to as CDL) resumed trading and opened at 4.84 yuan on Monday (March 3), 5.47% lower than the previous closing price of 5.12 yuan.

After the market opened, the stock immediately turned red and swung at the low level, hovering at the level of 4.80 yuan, falling 7% to 4.76 yuan, the lowest level since 2009.

As of 9:10 a.m., the stock price of Urban Development was 4.88 yuan, down 4.69% or 0.24 yuan compared with the previous closing price.

Further reading

Urban Development Board of Directors drags down the stock price of affiliated company Honglong Asia falls by more than 10%

Urban Development Board of Directors drags down the stock price of affiliated company Honglong Asia falls by more than 10%

Chen Yue: Coup and Raid Intervention between Guo Lingming and his son's power seizure

Chen Yue: Coup and Raid Intervention between Guo Lingming and his son's power seizure