Identifying Impairment Indicators in Investments

XYZ Corporation has made a significant investment in ABC Ltd., a publicly traded company. At the end of the reporting period, the fair value of the investment has dropped below its carrying amount, leading to concerns about impairment. According to the International Financial Reporting Standards (IFRS), entities must assess investments for impairment when there is an indication that the asset may be impaired.

Which of the following factors would most likely indicate an impairment of the investment in ABC Ltd.?