The SEC issued an order suspending trading of Happy City Holdings Limited securities from 4:00 AM ET on June 12, 2026, until 11:59 PM ET on June 26, 2026. The suspension stems from potential market manipulation involving social media recommendations intended to artificially influence trading volume and price. Nasdaq requested information and documents from the company on June 12, 2026. The company denies involvement in any such promotional activities and is cooperating with regulatory authorities. Happy City Holdings Limited operates in the real estate and property development industry.
