Shares of JD Health International Inc. plummeted by 5.04% on October 14th, 2024, as investors reacted to the news that public companies own a staggering 67% stake in the healthcare company. This high level of public company ownership has sparked concerns about potential conflicts of interest and lack of independent decision-making.
According to the news article, the largest shareholder of JD Health International is JD.com, Inc., holding a 67% stake in the company. This significant ownership stake grants JD.com extensive influence, if not outright control, over the future direction of JD Health. The article also notes that institutional investors own 12% of the company, while the general public holds a 20% stake.
The considerable ownership by public companies raises questions about whether the company's management and business strategy are truly aligned with the interests of all shareholders. This uncertainty has led to a sell-off in JD Health's shares, as investors reassess the risks associated with such a concentrated ownership structure.
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