HK Stock Market Move | PAK TAK INT'L (02668) widens fall to over 18% with regulatory mention of highly concentrated equity ownership, stock price has dropped by over 70% in the month.

PAK TAK INT'L (02668) fell more than 18% in the afternoon, with the stock price dropping by over 70% this month. It is worth noting that PAK TAK INT'L hit a low of HK$0.018 in November 2023, but as of August 30th this year, the stock price had risen to HK$1.35, an increase of 74 times. At the time of writing, it has dropped by 15.38% to HK$0.385 with a trading volume of HK$1.2942 million. In terms of news, the Hong Kong Securities and Futures Commission recently conducted an inquiry into the ownership distribution of PAK TAK INT'L. The results show that the ownership of the company is highly concentrated. As of September 4th this year, there were a total of 25 shareholders holding a total of 3.483 billion shares, equivalent to 74.41% of the company's issued share capital. Including the shares held by a major shareholder of the company of 980 million, it totals 20.94% of the issued share capital, equivalent to 95.35% of the company's issued share capital. Therefore, only 217 million shares, or 4.65% of the issued share capital, are held by other shareholders.