Changjiu Holdings (06959) fell more than 15%. The stock has been listed since January 9th this year. The stock price continued to soar at the end of February. As of the closing price of the previous trading day, it was 105 Hong Kong dollars, with a cumulative increase of more than 16 times.
According to the intelligence of the Finance and Economics APP, Changjiu Holdings (06959) fell more than 15%. The stock has been listed since January 9th this year. The stock price continued to soar at the end of February. As of the closing price of the previous trading day, it was 105 Hong Kong dollars, with a cumulative increase of more than 16 times. As of the publication deadline, it fell 15.24%, to 89 Hong Kong dollars, with a turnover of 2.5757 million Hong Kong dollars.
On June 19, the Securities and Futures Commission of Hong Kong announced that the equity of Changjiu Holdings was highly concentrated. The announcement showed that Changjiu Holdings had a total of 48.739 million shares held by nine shareholders as of June 3, 2024, which is equivalent to 24.11% of the company's issued shares. The relevant equity, together with the 150 million shares held by the chairman and CEO's family (accounting for 74.2% of the issued shares), is equivalent to 98.31% of the company's issued shares. According to the Securities and Futures Commission, due to the high concentration of equity in a small number of shareholders, even a small amount of share transactions may cause a significant fluctuation in its share price. Shareholders and interested investors are reminded to trade cautiously. In addition, according to the latest report, investors in the market expect that Changjiu Holdings will be included in the Hong Kong Stock Connect in early September. However, as the Securities and Futures Commission has warned that the company is highly concentrated in equity, according to the rules of Hong Kong Stock Connect adjustments, Changjiu Holdings will not be included in the Hong Kong Stock Connect.
The Securities and Futures Commission pointed out that due to the high concentration of equity in a small number of shareholders, even a small amount of share transactions may cause a significant fluctuation in its share price. Shareholders and interested investors are reminded to trade cautiously. In addition, according to the latest report, investors in the market expect that Changjiu Holdings will be included in the Hong Kong Stock Connect in early September. However, as the Securities and Futures Commission has warned that the company is highly concentrated in equity, according to the rules of Hong Kong Stock Connect adjustments, Changjiu Holdings will not be included in the Hong Kong Stock Connect.