I did some research on the parent company of Karara. Turns out the company (sz000629) was suspended for one year from Shenzhen stock exchange on 5/5/2017 which coincided with GBG share price decline.
The reason was that the parent company had been unprofitable for 4 consecutive years. If it is still unprofitable for the year 2017 it will be delisted.
Karara parent company suspended for one year
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