TechFlow, Nov 17 — According to Caixin Network, Starlink Chain (00399.HK), a cryptocurrency-related stock, announced prior to market opening on November 17, 2025, that it has been ordered by the Hong Kong Stock Exchange (HKEX) to suspend trading effective November 26. The suspension stems from HKEX's concerns that the company failed to meet ongoing listing eligibility requirements. On November 17, the stock plunged 73%, closing at HK$0.064 per share, down 91% from its peak price in late July.
The HKEX stated that under Rule 13.24 of the Listing Rules, Starlink Chain has not maintained sufficient operational scale or possessed assets of adequate value to justify the continued listing of its shares, thus requiring the trading suspension starting November 26. In its announcement, Starlink Chain responded that it has decided to apply for a review by the HKEX Listing Committee.
