Hong Kong Regulator Flags High Ownership Concentration in Ruifeng Power

Stock News03-09

The Securities and Futures Commission of Hong Kong has announced the results of a recent inquiry into the shareholding structure of Ruifeng Power (02025). The inquiry revealed that as of February 24, 2026, twenty-two shareholders and their associates collectively held 148 million shares of the company, representing 18.52% of its issued share capital. This stake, combined with the 573 million shares held by one controlling shareholder and three major shareholders—accounting for 71.58% of the issued share capital—amounts to 90.10% of the company's total issued shares. Consequently, only 79.166 million shares, or 9.90% of the issued share capital, were held by other investors. The company's share price experienced a significant surge, rising 15.4 times from HK$1.31 on December 2, 2024, to HK$21.54 by February 24, 2026. On March 6, 2026, the stock closed at HK$21.06, which represents a 15.1-fold increase from the closing price of HK$1.31 on December 2, 2024.

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