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SANERGY GROUP (02459.HK) Crashes 80%+ After Named by SFC for Highly Concentrated Shareholding
Recommend 12 Positive 19 Negative 19 |
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SANERGY GROUP (02459.HK) has been named by the Securities and Futures Commission (SFC) as having a highly concentrated shareholding. The company's share price opened 6.27% lower today (3 Sep) and then nosedived to as low as $3. It is currently collapsing 81.19% to $3.81, hitting a nearly three-month low, with 2.466 million shares traded, involving a capital of $28.9057 million. SFC said it had recently conducted an inquiry into the shareholding distribution of SANERGY, which showed that as of 19 August this year, only about 98.9416 million shares (9.8% of the issued share capital) were held by other shareholders, which means that the shareholding was concentrated in the hands of a very small number of shareholders. On the other hand, SANERGY announced that its loss for 1H24 widened to US$14.368 million. Revenue was US$32.101 million, a YoY drop of 26.5%. AAStocks Financial News |
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