Digital Domain 0547
Posted: Thu Jun 04, 2015 6:50 amnot vested
Highflier Digital takes a tumble
Digital Domain Holdings (0547) became the latest local STOCK to tumble after sharply surging in a matter of months.
The company, which owns most of a visual-effects producer for Hollywood movies including Iron Man 3, sank 41.4 percent yesterday.
Digital Domain was unaware of any reason for the drop, it said.
In a teleconference, managing director Zhu Xi blamed the fall on possible profit taking. He denied rumors that one or more members of the board would be arrested.
The SHARES have surged more than 1,500 percent this year through a May 19 peak, valuing the company at about HK$27 billion.
Source: The Standard HK
Highflier Digital takes a tumble
Digital Domain Holdings (0547) became the latest local STOCK to tumble after sharply surging in a matter of months.
The company, which owns most of a visual-effects producer for Hollywood movies including Iron Man 3, sank 41.4 percent yesterday.
Digital Domain was unaware of any reason for the drop, it said.
In a teleconference, managing director Zhu Xi blamed the fall on possible profit taking. He denied rumors that one or more members of the board would be arrested.
The SHARES have surged more than 1,500 percent this year through a May 19 peak, valuing the company at about HK$27 billion.
Source: The Standard HK