Why did Tik Tok's Taikoo in Hong Kong slash its price?

The performance has declined. Tik Tok's China, Hongkong and Swire all cut their prices because of their declining performance. As for the decline in performance, Swire explained that the loss of hotel business and the decrease in rental income of retail property portfolios in China Mainland and Hong Kong were mainly due to the decrease in profits from the sale of investment property rights in China Mainland and Hong Kong, as well as travel bans and social distance restrictions.