A tiny Chinese manufacturer of eco-friendly building products explodes by 950% after pivoting to gemstones (YECO)
Business Insider -

Yulong Eco-Materials, a tiny Chinese manufacturer of eco-friendly building products, announced Wednesday it had completed the acquisition of a gemstone for $50 million.

The company is in the process of selling its China business, and plans to relocate its headquarters to New York this month, devoting all its resources to its new business.

Shares exploded nearly 1,000% following the news.

Watch Yulong trade in real time here.

Yulong Eco-Materials, a tiny Chinese manufacturer of eco-friendly...

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