Hong Kong Regulator Flags IDT INT'L's Highly Concentrated Ownership Structure

Stock News03-30

The Hong Kong Securities and Futures Commission recently conducted an inquiry into the shareholding distribution of IDT INT'L (00167). The inquiry results revealed that as of March 16, 2026, 25 shareholders collectively held 484,828,566 shares of the company, representing 93.24% of its issued share capital. Consequently, only 35,155,615 shares (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. By March 26, 2026, the share price closed at HK$5.60, still 608.9% higher than the HK$0.79 closing price on September 10, 2025. The SFC cautioned that given the high concentration of ownership among a limited number of shareholders, the company's share price could experience significant volatility even with low trading volume. Shareholders and potential investors are advised to exercise caution when trading the company's shares.

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