GoFintech’s Share Concentration Spurs Volatility Risk

GoFintech Innovation Limited (HK:0290) has released an update.

GoFintech Innovation Limited has seen a significant concentration of its shares with a small group of shareholders, resulting in potential for substantial price fluctuations with minimal trading. As of August 9, 2024, 20 shareholders held nearly 50% of the company’s issued shares, with an additional 40.62% held by three substantial shareholders, leaving less than 10% of shares with other investors. The stock price has seen a dramatic increase of 456% from February to August 2024.

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