the price is severely hit. however, there is no further announcement with regard to why this has happened.
in the event that the price depression is largely, or possibly solely, due to the prevalent fear of "another" Chinese company with poor corporate governance structure, then, on assurance that the company is and will continue to be essentially intact financially, the prcie will rebound.
now we pray that that all news related to U food have no tangible financial impact on the company's book and prospects. We pray independent directors could come and rescue the situation.
Who dare to buy now? Man got guts...
(The above statement is a personal opinion and is based on no reports or whatsoever information channel.)
