On 29 June 2018, Hosa's share price mysteriously collapsed 86% in the first few minutes of trading before being suspended at the request of management. This collapse appears to have been triggered by the liquidation of collateral for margin loans placed by the company's major shareholders. This might have been triggered by Hosa's default on the FY17 final dividend payment. Shortly after the resumption of trading, on 10 July, Hosa was then attacked by short-seller Bonitas Research which published a report alleging fraud. On 3 September 2018, Hosa announced that it was unable to publish its 2018 interim results and its stock was once again suspended, this time for good. On 18 December, KPMG resigned citing a lack of progress in meeting the exchange's resumption conditions. The stock was then delisted in March 2020.

Last updated September 2021

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