This looks like institutional selling spiked with stop losses getting taken out. Institutions like FOSUN that had bad quarters may be cashing in their profits at eom. For every share sold there is an enthusiastic buyer. The buyers of course are other institutions wanting to get into FMCN and they see this as their best opportunity.
The push down could continue today. That will be a point to buy more. Not worried about auditor sign-off. They've signed every updated 13F this year and last. No reason to abort now.
The breakdown in price burns my gut but I'm still long and getting longer today. Monday will be a great day.
It may have to do with the two guys at Sun Hung Kai in Hong Kong. One guy was arrested months ago and all the analysts at Citi, Goldman and Barclays, said it was no big deal. Oops, another reason not to trust these moron sell street analysts.