LC Logistics Shareholding Concentration Concerns

LC Logistics, Inc (HK:2490) has released an update.

LC Logistics, Inc. faces a significant concentration of shareholding, with 99.50% of its issued shares held by just 21 shareholders, leaving a mere 0.50% for others as of June 21, 2024. This situation follows a substantial 564% increase in the share price since April 11, 2024. The company has, however, maintained the required public float of 25% as per Stock Exchange rules.

For further insights into HK:2490 stock, check out TipRanks’ Stock Analysis page.