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SDHG Sinks 50% as SFC Announces Its High Shareholding Concentration
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SDHG (00412.HK) opened nearly 15% lower this morning before its decline widened, and last printed at $6.5, sinking 53.6%. Trading volume was 60.2 million shares, involving $494 million. After the market closed yesterday, the Securities and Futures Commission (SFC) announced that SDHG has high shareholding concentration. The SFC's findings suggested that two substantial shareholders collectively held 4.121 billion shares or 68.46% of the issued shares. Combined with 1.441 billion shares or 24% held by 20 shareholders, other shareholders held only 454 million shares, or 7.54%. AASTOCKS Financial News Website: www.aastocks.com |
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