The Hong Kong Securities and Futures Commission (SFC) warned of a high concentration of ownership of Sinor green Energy International Group shares.
The company, which acquired a majority shareholder and related stake in Jack Lam In Lock, chairman of Macau junket operator Jimei Group Ltd, through a stock subscription in September, plans to change its name to Jimei International Entertainment Group Ltd. 카지노사이트 모음
“…shareholders and prospective investors should be aware that even if a small number of shares are traded, the price of the company’s shares may fluctuate significantly and take extreme caution when trading their shares,” the SEC said in a statement on Tuesday
It said the survey found 16 investors, including a stake in Lam and three executive directors, held a total of 92.66% of the issued shares.
However, as of Oct. 22, 2014 and the date of this announcement, more than 25% of the company’s outstanding shares are owned by the public, and the company is allowed to comply with the requirements for public listing under rules on listing securities on the bourse, Sinorgreen Energy said in a filing with the Hong Kong Stock Exchange on Tuesday.
