LC Logistics Warns of Share Price Volatility

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

LC Logistics, Inc.’s shareholding is dominated by a small group, with 99.50% of its issued shares held by just 21 shareholders, creating a potential for substantial share price volatility even with low trading volumes. The Securities and Futures Commission warns shareholders and potential investors to exercise caution, noting the share price has already surged 564% from HK$5.00 to HK$33.20 between April and July 2024.

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