Hong Kong SFC Flags Significant Share Concentration in IDT INT'L

Stock News03-27

IDT INT'L (00167) announced that the Securities and Futures Commission recently conducted an inquiry into the company's shareholding distribution. The inquiry results revealed that as of March 16, 2026, 25 shareholders collectively held 485 million shares of the company, equivalent to 93.24% of its issued share capital. Consequently, only 35.1556 million shares (representing 6.76% of the issued share capital) were held by other shareholders. The company's closing share price surged 989.9% from HK$0.79 on September 10, 2025, to HK$8.61 on March 16, 2026. On March 26, 2026, the company's stock closed at HK$5.60, which was 608.9% higher than the closing price of HK$0.79 on September 10, 2025.

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