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Leading Medicine Biotechnology surged in the early session but fell back, at one point rising nearly 240% during the day.
On July 2, the Hong Kong-listed company Pioneer Pharmaceutical Biotechnology (00399) experienced higher trade volumes and rose sharply in the morning session, at one point increasing nearly 240%, with the stock price reaching a high of 0.7 HKD, before retreating to around 0.34 HKD. Previously, the company announced plans for an acquisition of all equity in the Blockchain project Conflux, to expand its presence in the Blockchain field, and two founding members of Conflux currently serve as its executive directors.