SFC Finds High Concentration of Shareholding in Jinhai Medical Technology, Unusual Share Price Movement

MT Newswires Live

2024-12-09

Jinhai Medical Technology (HKG:2225) received the results of the inquiry of the Securities and Futures Commission into the company's shareholding on

The results showed that 27 shareholders held 41.26% of the issued shares of the company and Chen Guobao, the company's chairman, held 48.94% of issued shares as of Nov. 20.

The shareholdings mentioned above make up 90.20% of the issued shares of the company leaving only 9.80% for other shareholders, a Monday Hong Kong bourse filing said.

SFC further mentioned that the company's shares' closing price rose by 77.65% to HK$9.06 on Nov. 20 from HK$5.10 on Sept. 13. The shares closed at HK$8.50 on Friday, representing an increase of 66.67% from HK$5.10 on Sept. 13.

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