News Sharing
For sharing news, please enter the email address of you and the receiver, then press SEND button.*Mandatory Fields
Receiver*
Enter email addresses, separated by semicolon (;). E.g. a@a.com;b@b.com
Your email address*
 Content Sharing
ASIA TELE-NET (00679.HK) Censured by SFC for Highly Concentrated Shareholding, Public Float Below 10%
The Securities and Futures Commission (SFC) announced that it recently conducted an inquiry into the shareholding distribution of ASIA TELE-NET (00679.HK). The results showed that ...
Reset
Send
The window will close in 5 seconds
ASIA TELE-NET (00679.HK) Censured by SFC for Highly Concentrated Shareholding, Public Float Below 10%
Close
Recommend
3
Positive
0
Negative
1
 
SHORT SELL
 
STOCK INFO
aacat by AASTOCKS
Open a new trading account to get Level 1 Real-Time Streaming!

The Securities and Futures Commission (SFC) announced that it recently conducted an inquiry into the shareholding distribution of ASIA TELE-NET (00679.HK)  +2.060 (+21.281%)   . The results showed that as at April 20, a total of 20 shareholders collectively held 67.5495 million shares, representing 17.69% of the issued share capital. Such shareholding, together with approximately 280 million shares held by the controlling shareholder of the company, accounted for 73.11% of the issued shares, representing 90.8% of the total issued shares as at April 20. As a result, only 35.1427 million shares, representing 9.2% of the issued shares, were held by other shareholders.

The SFC stated that given the high concentration of shareholding in the hands of a small number of shareholders, even a small number of shares traded could lead to significant price volatility. Shareholders and potential investors are advised to exercise caution when dealing in the companys shares. (ha/j)(HK stocks quote is delayed for at least 15 mins.)

Auto-translated by AI
View Original Text
This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.

AASTOCKS Financial News
Copyright(C) AASTOCKS.com Limited 2000. All rights reserved.
Disclaimer: AASTOCKS.com Ltd, HKEx Information Services Limited, its holding companies and/or any subsidiaries of such holding companies endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.