Crypto Assets concept stock Starry Chain has been ordered by the Hong Kong Stock Exchange to suspend trading.

According to Caixin reports, the crypto assets concept stock Starry Chain (00399.HK) announced before the market opened on November 17 that it has been requested by the Hong Kong Stock Exchange to suspend trading starting November 26, due to questions about the company's ability to meet continued listing qualifications. The stock plummeted 73% on that day. The Stock Exchange pointed out that according to Listing Rule 13.24, Starry Chain has failed to maintain an adequate level of operations and lacks substantial assets to support its business, making it unable to maintain its listing status, thus ordering the suspension. Starry Chain was formerly known as Navigating Medical Biotechnology and was renamed in September 2025. On October 13 of the same year, the company signed a memorandum of understanding with Starcoin Foundation, planning to issue Starcoin tokens, which are expected to be deployed on Conflux eSpace. Previously disclosed information showed that Conflux founding members Long Fan and Wu Ming both served as executive directors at Navigating Medical.