Hong Kong SFC Flags High Concentration of Shareholding in China Star Entertainment

MT Newswires Live

Jul 11

Hong Kong's Securities and Futures Commission has warned of potential volatility in China Star Entertainment (HKG:0326) shares due to a high concentration of ownership, according to a Friday bourse filing.

According to the filing, the chairman and vice chairman controlled 67.5%, while 19 shareholders and their related parties collectively held 23.8% of the issued shares. Combined, these insiders accounted for over 91% of the total shareholding.

As of June 27, just 8.6% of the company's shares were held by public investors.

China Star shares surged 543% from HK$0.53 on March 18 to HK$3.41 as of July 10, the filing said.

The SFC urged extreme caution, noting that even small trades could lead to substantial price swings due to limited free float.

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Combined, these insiders accounted for over 91% of the total shareholding.</p><p>As of June 27, just 8.6% of the company's shares were held by public investors.</p><p>China <a href=\"https://laohu8.com/S/SGU\">Star</a> shares surged 543% from HK$0.53 on March 18 to HK$3.41 as of July 10, the filing said.</p><p>The SFC urged extreme caution, noting that even small trades could lead to substantial price swings due to limited free float.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1128","symbol_name":"电影和娱乐","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2550933293","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2550933293","pubTimestamp":1752225175,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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Combined, these insiders accounted for over 91% of the total shareholding.As of June 27, just 8.6% of the company's shares were held by public investors.China Star shares surged 543% from HK$0.53 on March 18 to HK$3.41 as of July 10, the filing said.The SFC urged extreme caution, noting that even small trades could lead to substantial price swings due to limited free float.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK1128":"电影和娱乐","00326":"中国星集团"},"translate_title":"香港证监会指出华星娱乐股权高度集中","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00326":0.9},"content_text":"Hong Kong's Securities and Futures Commission has warned of potential volatility in China Star Entertainment (HKG:0326) shares due to a high concentration of ownership, according to a Friday bourse filing.According to the filing, the chairman and vice chairman controlled 67.5%, while 19 shareholders and their related parties collectively held 23.8% of the issued shares. Combined, these insiders accounted for over 91% of the total shareholding.As of June 27, just 8.6% of the company's shares were held by public investors.China Star shares surged 543% from HK$0.53 on March 18 to HK$3.41 as of July 10, the filing said.The SFC urged extreme caution, noting that even small trades could lead to substantial price swings due to limited free float.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"}}}