Why $DNK stock price surged heavily in november?

Why DNK stock price surged heavily in november?

What triggered the stock price surge is a report by Chinese media outlet Thepaper. cn saying that 5I5J Holding Group (owner of Danke’s rival Xiangyu) is in takeover to buy Danke.

There have been reports that Danke was pursuing bankruptcy, but the company denied those reports on its Weibo account earlier then, according to South China Morning Post. One of the reasons why there is speculation about Danke filing for bankruptcy is due to upfront payments being collected from Danke tenants, but there was a failure to pay the landlords. This is why tenants and landlords protested at Danke offices later.


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