IDT International Says Controlling Stake Placed in Receivership; Shares Drop 15%

MT Newswires Live10-08

IDT International (HKG:0167) said its controlling shareholder's stake had been placed in receivership, according to a Hong Kong bourse filing Monday.

Shares of the electronics manufacturer fell over 15% in late-morning trade Wednesday.

The company said Lead Winner Investment appointed Lam Kwun Leung of CCTH CPA as receiver over 312,432,503 shares in the company that had been pledged by Tiger Energy Technology. The shares represent about 72% of IDT's issued capital.

Tiger Energy is owned equally by Tiger Charles Chen, a company director, and Wong Tung Yuen.

The company said it was verifying the validity of the appointment and will seek legal advice on the matter.

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/2573916198?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-10-08 11:23","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2573916198","market":"sh","top_or_hot":-1,"title":"IDT International Says Controlling Stake Placed in Receivership; Shares Drop 15%","media":"MT Newswires Live","content":"<html><body><p> IDT International (HKG:0167) said its controlling shareholder's stake had been placed in receivership, according to a Hong Kong bourse filing Monday.</p><p>Shares of the electronics manufacturer fell over 15% in late-morning trade Wednesday.</p><p>The company said Lead Winner Investment appointed <a href=\"https://laohu8.com/S/LRCX\">Lam</a> Kwun Leung of CCTH CPA as receiver over 312,432,503 shares in the company that had been pledged by Tiger Energy Technology. The shares represent about 72% of IDT's issued capital.</p><p>Tiger Energy is owned equally by Tiger Charles Chen, a company director, and Wong Tung Yuen.</p><p>The company said it was verifying the validity of the appointment and will seek legal advice on the matter.</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>IDT International Says Controlling Stake Placed in Receivership; Shares Drop 15%</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\">\nIDT International Says Controlling Stake Placed in Receivership; Shares Drop 15%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-10-08 11:23</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> IDT International (HKG:0167) said its controlling shareholder's stake had been placed in receivership, according to a Hong Kong bourse filing Monday.</p><p>Shares of the electronics manufacturer fell over 15% in late-morning trade Wednesday.</p><p>The company said Lead Winner Investment appointed <a href=\"https://laohu8.com/S/LRCX\">Lam</a> Kwun Leung of CCTH CPA as receiver over 312,432,503 shares in the company that had been pledged by Tiger Energy Technology. The shares represent about 72% of IDT's issued capital.</p><p>Tiger Energy is owned equally by Tiger Charles Chen, a company director, and Wong Tung Yuen.</p><p>The company said it was verifying the validity of the appointment and will seek legal advice on the matter.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00167","symbol_name":"IDT INT'L","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2573916198","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2573916198","pubTimestamp":1759893788,"columns":[],"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":"IDT International  said its controlling shareholder's stake had been placed in receivership, according to a Hong Kong bourse filing Monday.Shares of the electronics manufacturer fell over 15% in late-morning trade Wednesday.The company said Lead Winner Investment appointed Lam Kwun Leung of CCTH CPA as receiver over 312,432,503 shares in the company that had been pledged by Tiger Energy Technology. The shares represent about 72% of IDT's issued capital.Tiger Energy is owned equally by Tiger Charles Chen, a company director, and Wong Tung Yuen.The company said it was verifying the validity of the appointment and will seek legal advice on the matter.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"00167":"IDT INT'L","IDT":"万威","BK1096":"消费电子产品","BK4115":"综合电信业务"},"translate_title":"IDT International表示控股权已进入破产管理程序；股价下跌15%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00167":0.9,"IDT":1.5},"content_text":"IDT International (HKG:0167) said its controlling shareholder's stake had been placed in receivership, according to a Hong Kong bourse filing Monday.Shares of the electronics manufacturer fell over 15% in late-morning trade Wednesday.The company said Lead Winner Investment appointed Lam Kwun Leung of CCTH CPA as receiver over 312,432,503 shares in the company that had been pledged by Tiger Energy Technology. The shares represent about 72% of IDT's issued capital.Tiger Energy is owned equally by Tiger Charles Chen, a company director, and Wong Tung Yuen.The company said it was verifying the validity of the appointment and will seek legal advice on the matter.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-2","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"},"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":"4.35.9","shortVersion":"4.35.9","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/2573916198","isCrawlerRequest":true}