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Hong Kong Regulator Flags High Concentration of Shareholding in Migao Group
Hong Kong Securities and Futures Commission reminds that the equity of Michael Group (09879) is highly concentrated! The stock price has risen 72% in 90 trading days since listed.
On August 2nd, Megvii Group (09879) announced that the Hong Kong Securities and Futures Commission had recently conducted an inquiry into the company's shareholding distribution.
Migao Group's Share Concentration and Volatility Warning
Migao Group (09879.HK) has a highly concentrated equity ownership.
On August 2nd, Gelonghui reported that Miko Group (09879.HK) announced that the China Securities Regulatory Commission had recently inquired about the company's equity distribution. The inquiry results showed that as of July 23, 2024, thirteen shareholders held a total of approximately 0.225 billion shares of the company's stock, accounting for 24.78% of the company's issued share capital. The equity, along with 0.675 billion shares held by a controlling shareholder of the company (accounting for 74.26% of the issued share capital), amounted to 99.04% of the company's issued share capital. Therefore, only 8.685 million shares (0.96% of the issued share capital) are held by other shareholders.
MIGAO GROUP: 2023 / 2024 ANNUAL REPORT
Hong Kong stocks fluctuate | Megvii Technology (09879) rose more than 7% again, with a cumulative increase of 30% in stock price over the past week. The company has core competitiveness.
Mei Gao Group (09879) rose by more than 7%, and the stock price has risen by 30% in the past week. As of press time, it rose by 7.09%, to HKD 7.85, with a turnover of HKD 4.6052 million.
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