Understanding the Market | WALNUT CAP plummets nearly 40% due to high concentration of equity, with stock price soaring more than four times in the previous five months
WALNUT CAP plummeted nearly 40%. Notably, as of September 2, the company's stock price closed at HKD 2.28, up 449% from the closing price of HKD 0.415 on March 28 this year. As of the time of writing, it has dropped 39.09%, trading at HKD 1.34, with a transaction volume of HKD 11.8345 million. In terms of news, the Hong Kong Securities and Futures Commission stated that it recently inquired about the equity distribution of WALNUT CAP, revealing that nineteen shareholders collectively hold 147 million shares (equivalent to 13.98% of the issued shares), while another 588 million shares (accounting for 56.01% of the issued shares) are held by the company's CEO. The aforementioned equity holdings account for 94.65% of the issued shares. Therefore, only 5.35% of the issued capital is held by other shareholders. The company confirmed that on August 25 and September 3, no less than 25% of the company's issued shares were held by the public, and the company is able to comply with the public shareholding requirements under the listing rules of the Stock Exchange
According to Zhitong Finance APP, WALNUT CAP (00905) plummeted nearly 40%. Notably, as of September 2, the company's stock price closed at HKD 2.28, up 449% from the closing price of HKD 0.415 on March 28 this year. As of the time of writing, it has dropped 39.09%, trading at HKD 1.34, with a transaction volume of HKD 11.8345 million.
In terms of news, the Hong Kong Securities and Futures Commission stated that it recently inquired about the equity distribution of WALNUT CAP, revealing that nineteen shareholders collectively hold 147 million shares (equivalent to 13.98% of the issued shares), while another 588 million shares (accounting for 56.01% of the issued shares) are held by the company's CEO. The aforementioned equity holdings account for 94.65% of the issued shares. Therefore, only 5.35% of the issued capital is held by other shareholders. The company confirmed that as of August 25 and September 3, no less than 25% of the company's issued shares are held by the public, and the company is able to comply with the public shareholding requirements under the listing rules of the Stock Exchange
