By Yifan WangGanfeng Lithium Co. shares were sharply lower on Monday, after the Chinese metal producer and processor said it has received regulatory notice that a case had been filed against it. The company's Hong Kong-listed stock lost as much as 8.7% within an hour of trading, while its Shenzhen-traded shares dropped 7.1%. Losses narrowed later on, with shares in Hong Kong and Shenzhen down 3.0% and 1.8%, respectively. Ganfeng Lithium said in a weekend filing that it had received notice from China's top market regulator on Friday saying that it decided to file a case against the company earlier this year on suspicion of A-share insider trading. Write to Yifan Wang at yifan.wang@wsj.com(END) Dow Jones NewswiresJuly 03, 2022 22:45 ET (02:45 GMT)Copyright (c) 2022 Dow Jones & Company, Inc.

Source: Wall Street Journal July 04, 2022 02:55 UTC