Rongsheng said it had sought the suspension pending clarification of the news articles, according to a filing to the Hong Kong stock exchange. On Wednesday, its shares closed down 10% at HK$1.06.
The job cuts at Rongsheng, China’s biggest privately-owned shipbuilder, represent some 40% of the company’s workforce, according to the Wall Street Journal, and sparked protests by workers earlier this week.
Lei
