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Warning from the stock exchange regulator: Monster crash: This share has just fallen by 98.4 percent!

Warning from the stock exchange regulator: Monster crash: This share has just fallen by 98.4 percent!

A company listed in Hong Kong has lost more than 98 percent of its share value following a warning from the Hong Kong Securities and Exchange Commission. What's going on?

Sanergy Group shares fell 98.4 percent on Tuesday after the Hong Kong Stock Exchange regulator issued a warning about the company.

For example, the Hong Kong Securities and Futures Commission (SFC) warned investors in a statement that only 26 shareholders own 85.32 percent of Sanergy Group's shares, meaning the stock could “fluctuate significantly even with a small number of shares traded.”

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