HONG KONG: Hong Kong dealers are accustomed to seeing peculiar things on the city's little top trade, home to a portion of the world's greatest value swings. Be that as it may, the first sale of Stock (IPO) of GME Group Holdings Ltd on Wednesday had even solidified Market watchers scratching their heads. 

Shares of the passage unearthing subcontractor rose 543% preceding they were suspended from 1pm nearby time by the Securities and Futures Commission (SFC). The stock was exchanging surprisingly on the city's Growth Enterprise Market (GEM). 

The move cocked eyebrows in the previous British state, which is known for its free enterprise markets and light-touch way to deal with direction. It comes following a year in which IPOs on GEM took off by a huge number of rate focuses for reasons apparently random to organization execution. Simply a month ago, the SFC and the administrator of the city's trades issued a joint proclamation reminding members to take after market rules. 

"This is extremely astounding," said Ricky Chim, who speaks to the money related administrations voting public in the city's decision board of trustees, in reference to the suspension happening on the stock's first exchanging day. "It has never occurred by my memory." 

Hong Kong Exchanges and Clearing Ltd (HKEX) and the SFC said in the January joint articulation that numerous GEM stocks have exceptionally focused shareholdings and a little shareholder base. Half of the 10 best first-day gainers in 2015 saw their share costs dive by over 90% from their crest inside a month, they said.