SFC: SFund Intl Hldg (01367) shares highly concentrated X
12/01/2018 17:22
(Infocast News)      The Securities and Futures Commission (SFC) has recently completed an enquiry into the shareholding of SFund International Holdings (01367). The market watchdog's findings suggested that, as at 29 December 2017, 18 shareholders held an aggregate of 79.824 million shares of the company, representing 16.63% of the issued shares.

Such shareholding, together with 360 million shares (representing 75% of the issued shares) held by 2 substantial shareholders of the company, represented 91.63% of the issued shares as at 29 December 2018. As such, only 40.176 million shares (representing 8.37% of the issued shares) were in the hands of other shareholders.

Owing to the high concentration of shareholding in a small number of shareholders, the price of the company's shares could fluctuate substantially even with a small number of shares traded, the SFC stressed.

(WL)



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