-- A Chinese cement producer was in the spotlight after it suspended stock trading Wednesday, following a selloff that nearly wiped out all its market value in the final 15 minutes of the previous session.China Tianrui Group Cement Co. said trading in its Hong Kong-listed shares has been halted from 9 a.m. local time, pending an announcement related to inside information, according to an exchange filing.Based in the central Henan province, Tianrui’s stock plunged 99% to about HK$0.
Tianrui’s controlling shareholder Li Liufa and his spouse jointly own approximately 70% of the company, according to a filing in January. The cement producer also announced at that time that it pledged 97 million shares, or 3.3% of its total, to secure a 12-month loan of up to 166.5 million yuan.The company’s investor relations officials couldn’t be reached for comment when contacted by Bloomberg. It also didn’t immediately respond to a written request for comment.
Allen Weisselberg, a former longtime executive in Donald Trump’s real estate empire, is set to be sentenced Wednesday for lying under oath in the ex-president’s New York civil fraud case. Weisselberg admitted lying when he testified he had little knowledge of how Trump’s Manhattan penthouse came to be valued on his financial statements at nearly three times its actual size. The two cases highlight Weisselberg's unflinching loyalty to Trump, the presumptive Republican presidential nominee.
Plainclothes Chicago police officers fired nearly 100 gun shots over 41 seconds during a traffic stop that left one man dead and one officer injured, according to graphic video footage a police oversight agency released Tuesday.‘They need to develop a bit of a backbone’: Can Justin Trudeau resist knee jerk responses & wishy-washy climate policy?
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