Hong Kong Regulator Flags SMART GLOBE (01481) for High Share Concentration

Stock News
02/05

The Securities and Futures Commission (SFC) of Hong Kong recently conducted an inquiry into the shareholding distribution of SMART GLOBE (01481). The inquiry results revealed that as of January 27, 2026, 20 shareholders collectively held 176 million shares of the company, equivalent to 17.30% of its issued share capital. This stake, combined with 750 million shares (representing 73.53% of the issued share capital) held by one major shareholder of the company, amounted to 90.83% of the total issued shares. Consequently, only 93.54 million shares (9.17% of the issued share capital) were held by other shareholders. The company's closing share price rose 275% from HK$0.80 on October 9, 2025, to HK$3.00 on January 27, 2026. On February 4, 2026, the company's share price closed at HK$2.94, which was 268% higher than the closing price of HK$0.80 on October 9, 2025.

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