New Giao RV stock falls over 33% after Hong Kong SFC flags concentrated ownership
Briefing by News4U · First published
Wall Street CN reported that on October 27, New Giao RV shares plunged more than 33% after the Hong Kong SFC flagged its highly concentrated ownership, following a year-to-date peak gain near 15 times; the SFC has so far named 17 similar Hong Kong-listed companies with over nine-tenths of shares locked up and thin free floats, while a Hong Kong Exchange spokesperson said the exchange’s public-float rules and the SFC’s concentration-risk alerts operate under separate regulatory frameworks. [1]
Sources
- 快讯
Wall Street CN · · Full text