2015-06-12

Baofeng Halted On Thursday and Friday

The day after Baofeng went limit up to a new all-time high on Wednesday, it's shares were halted. They remain halted on Friday and there was no news until late Friday.

Sina: 暴风科技6月11日起停牌 拟筹划重大事项
 Here is the original announcement Storm Technology:

  The suspension notice on major issues

  The Company and its Board of Directors guarantee the truthfulness, accuracy and completeness, not false, misleading statements or material omissions.

  Beijing Storm Technology Co., Ltd. (hereinafter referred to as the "Company") is planning major issues, the matter is there are still uncertainties. To ensure fair disclosure of information to protect the interests of investors, to avoid abnormal stock price volatility, according to "the Shenzhen Stock Exchange GEM Stock Listing Rules" and "Shenzhen Stock Exchange GEM listed companies standardize operational guidelines" and other relevant provisions of the the company apply to the Shenzhen Stock Exchange, the company's stock (stock abbreviation: Storm Technology, stock code: 300431) since June 11, 2015 opening date suspended until the company by specifying the media resumption of trading after the disclosure of related matters.

  The company will determine as soon as the aforementioned important matters, timely implementation of information disclosure obligations. Please the majority of investors of investment risks.

  Notice is hereby given.

  Beijing Storm Technology Co., Ltd.

  Board of Directors

  June 11, 2015
The article speculates it may be some new business venture. In which case, given the mood of the market, a few more limit up days may be in order.

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