Hong Kong-listed shares of casino developer Landing International Development were suspended at 10:53 a.m. on Thursday after falling 35.06% in the first 90 minutes.
At the time of the suspension, the stock was priced at HK$3.76 ($0.479) each. At the close of Wednesday, the stock was priced at HK$5.79 each.
The company said it had asked the stock exchange earlier on Thursday to suspend its shares by "holding announcements related to the company's internal information."
GGRAsia approached the group for more information on the reasons for the suspension, but a spokesperson said it was not available for comment until an announcement was made to the market.
In February, the group opened a foreigner-only casino at the Landing Jeju Shinhwa World Resort in Jeju Island, Korea.
The company is also working on a casino project in Manila, Philippines.