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David Webb Warns of Low Circulation of CATL's H-Shrs
Recommend 30 Positive 55 Negative 36 |
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CATL (03750.HK), on recent debut, saw independent stock analyst David Webb's warning that the circulation of CATL's H-shares are too low, which suggests a shareholding concentration. Webb stated that even if the over-allotment option is exercised, the company's H-shares will amount to 155.9 million shares, representing 3.42% of the company's total share capital. Among these, 77.455 million shares are locked until November 19, 2025, leaving an actual free float of 78.46 million shares. The top 25 H-share shareholders collectively hold nearly 70% of the company's H-share stock. The Securities and Futures Commission (SFC) typically monitors situations of shareholding concentration and issues warnings, foreign media mentioned. When a company's stock is concentrated among a few shareholders, even a small number of shares in trading can lead to notable price volatility. AASTOCKS Financial News Website: www.aastocks.com |
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