IDT International Limited (IDT INT'L) reported a pronounced concentration of shareholding following an enquiry by the Securities and Futures Commission (SFC).
• Share distribution (16 Mar 2026): – 25 shareholders collectively held 484.83 million shares, representing 93.24 % of the 519.98 million issued shares. – The remaining 35.16 million shares, or 6.76 %, were in the hands of other investors.
• Share-price performance: – From 10 Sep 2025 to 16 Mar 2026, the closing price rose 989.9 %, climbing from HK$0.79 to HK$8.61. – On 26 Mar 2026, the stock closed at HK$5.60, still 608.9 % above the 10 Sep 2025 level.
• Public float: The company stated that, based on available information and reasonable enquiries, not less than 25 % of issued shares qualified as public float on both 16 Mar 2026 and the date of the announcement, meeting Hong Kong Listing Rules.
• Board composition (announcement date 27 Mar 2026): – Executive Director: Mr. Tiger Charles Chen – Non-executive Directors: Ms. Ng Kwok Ying Isabella, Ms. Cheung Yuk Ki – Independent Non-executive Directors: Ms. Chen Weijie, Mr. Mak Tin Sang, Dr. Lowe Chun Yip
The SFC and the company cautioned that, given the high concentration of holdings, share price could swing sharply on limited trading volume, urging investors to exercise extreme caution.
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