Modern Chinese Medicine Flags High Shareholding Concentration After Sharp Price Surge
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Modern Chinese Medicine Group Co. Ltd. (HK:1643) announced a high concentration of shareholding, with 25 shareholders holding 90.6% of issued shares as of March 30, 2026. This raises concerns about market depth and trading dynamics. The company's share price surged 316% from HK$0.51 at the end of 2025 to HK$2.12 by March 30, 2026, and further to HK$2.94 by April 13, 2026. While the board meets the public float requirement, it warns of potential price volatility due to the concentrated shareholding, advising investors to exercise caution.
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