Hong Kong Regulator Flags High Concentration of Shareholding in Sanergy Group

MT Newswires Live09-03

Hong Kong's securities regulator advised investors and shareholders to "exercise extreme caution" when dealing with the shares of Sanergy Group (HKG:2459), as the high concentration of shareholding in the company to a small number of stockholders could result in volatile share prices.

The watchdog conducted an investigation and found that 25 shareholders held 279,248,896 shares in the graphite electrodes manufacturer, representing 27.65% of its total issued shares as of Aug. 19.

Together with 582,500,000, or around 57.67%, shares owned by the controlling shareholder of the company, they controlled 90.2% of the stake in Sanergy Group, according to the filing.

This includes a total of 49,309,481, or 4.88% shares, not held in the CCASS and not registered on the company's Hong Kong register of members.

As a result, other shareholders held only 98,941,623 million shares or a 9.8% stake in the company, the regulator said.

Sanergy Group directors, however, confirmed that not less than 25% of the issued shares were held by the public as of Aug. 19 and the company has maintained a sufficient public float.

Shares of the company closed 98% lower on Tuesday.

Price (HKD): $0.33, Change: $-20, Percent Change: -98.40%

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2464980344?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-09-03 20:35","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2464980344","market":"us","top_or_hot":-1,"title":"Hong Kong Regulator Flags High Concentration of Shareholding in Sanergy Group","media":"MT Newswires Live","content":"<html><body><p> Hong Kong's securities regulator advised investors and shareholders to \"exercise extreme caution\" when dealing with the shares of Sanergy Group (HKG:2459), as the high concentration of shareholding in the company to a small number of stockholders could result in volatile share prices.</p><p>The watchdog conducted an investigation and found that 25 shareholders held 279,248,896 shares in the graphite electrodes manufacturer, representing 27.65% of its total issued shares as of Aug. 19.</p><p>Together with 582,500,000, or around 57.67%, shares owned by the controlling shareholder of the company, they controlled 90.2% of the stake in Sanergy Group, according to the filing.</p><p>This includes a total of 49,309,481, or 4.88% shares, not held in the CCASS and not registered on the company's Hong Kong register of members.</p><p>As a result, other shareholders held only 98,941,623 million shares or a 9.8% stake in the company, the regulator said.</p><p>Sanergy Group directors, however, confirmed that not less than 25% of the issued shares were held by the public as of Aug. 19 and the company has maintained a sufficient public float.</p><p>Shares of the company closed 98% lower on Tuesday.</p><p>Price (HKD): $0.33, Change: $-20, Percent Change: -98.40%</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hong Kong Regulator Flags High Concentration of Shareholding in Sanergy Group</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHong Kong Regulator Flags High Concentration of Shareholding in Sanergy Group\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-03 20:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires Live</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Hong Kong's securities regulator advised investors and shareholders to \"exercise extreme caution\" when dealing with the shares of Sanergy Group (HKG:2459), as the high concentration of shareholding in...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1116","symbol_name":"电气部件与设备","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2464980344","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2464980344","pubTimestamp":1725366921,"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Hong Kong's securities regulator advised investors and shareholders to \"exercise extreme caution\" when dealing with the shares of Sanergy Group , as the high concentration of shareholding in the company to a small number of stockholders could result in volatile share prices.The watchdog conducted an investigation and found that 25 shareholders held 279,248,896 shares in the graphite electrodes manufacturer, representing 27.65% of its total issued shares as of Aug. 19.Together with 582,500,000, or around 57.67%, shares owned by the controlling shareholder of the company, they controlled 90.2% of the stake in Sanergy Group, according to the filing.This includes a total of 49,309,481, or 4.88% shares, not held in the CCASS and not registered on the company's Hong Kong register of members.As a result, other shareholders held only 98,941,623 million shares or a 9.8% stake in the company, the regulator said.Sanergy Group directors, however, confirmed that not less than 25% of the issued shar","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"90073":"SANERGY GROUP LIMITED（临时代码）","BK1116":"电气部件与设备","BK4585":"ETF&股票定投概念","02459":"升能集团","BK4526":"热门中概股","BK4588":"碎股","BK4023":"应用软件","HKD":"尚乘数科"},"translate_title":"香港监管机构指出Sanergy集团股权高度集中","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"90073":1,"02459":1,"HKD":1},"content_text":"Hong Kong's securities regulator advised investors and shareholders to \"exercise extreme caution\" when dealing with the shares of Sanergy Group (HKG:2459), as the high concentration of shareholding in the company to a small number of stockholders could result in volatile share prices.The watchdog conducted an investigation and found that 25 shareholders held 279,248,896 shares in the graphite electrodes manufacturer, representing 27.65% of its total issued shares as of Aug. 19.Together with 582,500,000, or around 57.67%, shares owned by the controlling shareholder of the company, they controlled 90.2% of the stake in Sanergy Group, according to the filing.This includes a total of 49,309,481, or 4.88% shares, not held in the CCASS and not registered on the company's Hong Kong register of members.As a result, other shareholders held only 98,941,623 million shares or a 9.8% stake in the company, the regulator said.Sanergy Group directors, however, confirmed that not less than 25% of the issued shares were held by the public as of Aug. 19 and the company has maintained a sufficient public float.Shares of the company closed 98% lower on Tuesday.Price (HKD): $0.33, Change: $-20, Percent Change: -98.40%","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"Shareholding Changes","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.28.1","shortVersion":"4.28.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2464980344"}