Hong Kong Securities and Futures Commission: SPROCOMM INTEL (01401) has a highly concentrated ownership of shares.

SPROCOMM INTEL (01401) announced that the China Securities Regulatory Commission recently inquired about the company's equity distribution. The inquiry results showed that on November 7, 2024, the company had 26 shareholders collectively holding 517 million shares of the company, equivalent to 51.74% of the company's issued share capital. The inquiry results also showed that on November 7, 2024, a total of 47.604 million shares of the company (4.76% of the issued share capital) were registered in the Hong Kong Shareholder Registry as held by HKSCC Nominees Limited but not settled in the Central Clearing and Settlement System (CCASS). Including the shares held by the company's two major shareholders of 345 million shares (34.50% of the issued share capital), the company's total issued share capital accounted for 91%. Therefore, only 90.022 million shares (9% of the issued share capital) are held by other shareholders. During the period from September 12, 2024, to November 6, 2024, the company's share price rose from HKD 3.49 on September 11, 2024, to HKD 15.00 on November 6, 2024, an increase of 330%. On November 18, 2024, the company's stock price closed at HKD 13.36, an increase of 283% from the closing price of HKD 3.49 on September 11, 2024.