At 10:55 AM, trading in the shares of the Moore Group was abruptly suspended. When stock trading is halted, it means that the shares are effectively locked in ce, unable to rise or fall until trading resumes.


    To request a trading suspension from the Securities Regtory Commission, there must be substantial reasons. The Moore Group cited significant issues that are set to be announced shortly as the reason for their suspension.<fn2586> Th?s chapter is updated by fin?novel</fn2586>


    Typically, publicly tradedpanies choose to halt trading of their stocks prior to revealing important news. This practice helps to curb insider trading and spective practices based on privileged information.


    For instance, consider the well-known intepany Life 360.


    When they aimed to go public in the country, they opted for a backdoor listing through a domestic A-share market.<h3 style="background-color:DodgerBlue">


    This method is often referred to as a backdoor listing.


    In simple terms, if apany does not meet the Securities Regtory Commission’s listing requirements or if the conventional listing process takes too long, they may expedite their goal by acquiring another publicly listedpany.


    Life 360 is recognized as a notable inte firm in China. Their choice to pursue a backdoor listing was primarily to save time. A traditional public offering could take one or two years toplete, risking the loss of favorable market conditions.


    Initially, when Life 360 announced its intention to pursue a backdoor listing, shareholders were eager to specte on which listedpany they would target.


    If investors could identify the targetpany beforehand, they could purchase shares early and potentially profit significantly once Life 360 sessfullypleted its backdoor listing.


    However, such information is typically closely guarded within thepany, known only to the highest-ranking officials, and is never shared publicly.


    As a result, when Eastcliff Market suddenly dered that it had a significant business matter and needed to suspend trading, it became apparent that Life 360 would be using it as a shell for their listing.


    Unfortunately, by this time, it was already toote. Trading in Life 360’s shares had been halted, leaving no opportunity for investors to buy in at lower prices.


    The current scenario for the Moore Group mirrors this situation.


    Thepany is transitioning from a leadership void to appointing a new chairman. This is undoubtedly positive news for the organization, which is why they opted for a trading suspension before making the announcement.


    At 10:55 AM, the Moore Group officially announced the press conference.


    Media reporters invited to the event were already present.


    Shareholders from across the nation were also tuned in to the conference.


    Since the unfortunate incident involving Jasmine, the Moore Group’s stock has struggled significantly.


    Concerns have arisen regarding theck of leadership at the Moore Group, leading to chaos and a continuous decline in stock prices.


    Now, with the Moore Group preparing to hold a prominent press conference, many specte that they are about to announce the new chairman.


    At this moment, Charlie arrived alone at the entrance of the release hall.


    When Rueben learned of Charlie’s presence, he positioned himself at the gate to wait. Despite his numerous grievances with Charlie, he dared not antagonize him in Aurous Hill.