Shandong Hiking suspends trading in Shanghai

Shandong Hiking suspends trading in Shanghai

Shandong Hiking Suspends Trading in Shanghai Amid Regulatory Scrutiny

Shandong Hiking International Commerce Group Co., Ltd. (Shandong Hiking) announced on September 2, 2025, that its shares would temporarily halt trading on the Shanghai Stock Exchange pending the disclosure of an asset acquisition-related announcement. This suspension followed regulatory scrutiny over the company's financial practices, including unresolved issues related to non-operational fund occupation by related parties.

On September 30, 2025, the Shanghai Stock Exchange imposed additional risk warnings on Shandong Hiking's stock due to the company's failure to rectify the non-operational fund occupation within the mandated one-month period. The stock abbreviation was changed to "ST HIKING," and trading was moved to the risk warning board, with a daily price fluctuation limit of 5%. This action aligns with the exchange's rules for companies failing to address governance or financial irregularities promptly.

The U.S. Department of Commerce also highlighted Shandong Hiking in a 2023 antidumping duty administrative review related to xanthan gum imports from China. According to the Federal Register, the review was partially rescinded after Shandong Hiking's administrative review request was withdrawn, with no further action required. However, the company's domestic regulatory challenges persist, raising concerns about its operational and financial transparency.

Shandong Hiking's shares had previously faced volatility, with trading suspensions and risk warnings underscoring investor uncertainty. The company's failure to resolve fund occupation issues has drawn regulatory attention, potentially impacting its creditworthiness and market confidence. Investors are advised to monitor further developments, including any updates on the asset acquisition or progress in resolving the fund misappropriation.

As of February 25, 2026, Shandong Hiking's shares remain subject to trading restrictions and risk warnings, reflecting ongoing regulatory and operational challenges. The company has not disclosed a resolution timeline for the fund occupation issue, leaving its future compliance and market stability in question.