E&P Global (01142) Shareholders Deposit Shares with Kingsway Financial Services Worth HK$7.523 Billion

Stock News
2025/10/03

According to the latest data from the Hong Kong Stock Exchange, on October 2nd, shareholders of E&P Global (01142) deposited shares with Kingsway Financial Services, with a market value of HK$7.523 billion, representing 16.35% of the company's shares.

E&P Global was recently highlighted by the Hong Kong Securities and Futures Commission (SFC) for highly concentrated shareholding. Due to the high concentration of shares among a small number of shareholders, even small trading volumes could lead to significant price volatility. The SFC reminded shareholders and potential investors to exercise caution when trading the company's shares.

On August 13th, E&P Global issued an announcement stating that the board of directors had resolved to take measures to verify the matters mentioned in the SFC's announcement. Based on available information and after making all reasonable inquiries, the directors confirmed that as of July 31, 2025, and the date of the announcement, no less than 25% of the issued shares were held by the public, and the company has maintained sufficient public float as required by listing rules.

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