Star shine hldg (01440.HK) announced that regarding the concentration of its equity on November 15 among a few shareholders, the Securities Regulatory Commission has named the issue of high concentration of equity. Given that the equity is highly concentrated among a small number of shareholders, even a small amount of shares traded could lead to significant fluctuations in the company's share price.
The company confirms that as of November 15 and currently, the public holds no less than 25% of the company's issued shares, and the company is able to meet the public holding requirements under the Listing Rules of the Stock Exchange.
