SFC Warns of High Shareholding Concentration in GR LIFE STYLE (00108)

Stock News
2025/12/22

GR LIFE STYLE (00108) announced that the Securities and Futures Commission (SFC) recently conducted an inquiry into the company's shareholding distribution. The inquiry revealed that as of December 9, 2025, ten shareholders and their associates collectively held 548 million shares, representing 17.02% of the company's issued share capital.

Additionally, 430 million shares (13.36% of issued capital) were held by shareholders who acquired them through off-market transactions directly or indirectly from Hong Rui International Investment (Hong Kong) Limited. Two executive directors of the company, Mr. Wei Chunxian and Mr. Sun Zhongmin, hold beneficial interests in this entity.

Combined with the 1.953 billion shares (60.66% of issued capital) held or deemed to be held by Mr. Wei and Mr. Sun, these holdings account for 91.04% of the company's total issued share capital. Consequently, only 289 million shares (8.96%) remain in the hands of other shareholders.

The company's share price surged 476.92% from HK$0.65 on June 30, 2025, to HK$3.75 by December 9, 2025. As of December 19, 2025, the stock closed at HK$2.97, still representing a 356.92% increase from the June 30 price.

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