HK Stock Market Move | E&P GLOBAL (01142) falls more than 15% again, the company conducts coal trading business, previously named by regulators for high concentration of equity.

E&P GLOBAL (01142) fell more than 15% again, hitting a low of HK$2.03, down nearly 65% from its high during the year. As of the time of writing, it has fallen by 13.69%, to HK$2.08, with a turnover of HK$31.3926 million. On the news front, E&P GLOBAL announced earlier this month that its subsidiary mining license in Russia has been revoked, and it plans to further appeal. The group also recently stated that it has expanded its business to trading energy-related commodities (specifically coal) in the People's Republic of China. The group plans to use its industry contacts in the coal mining business in northern China to enter this market and expand its business while also venturing into other regions of China. The reason for this move is to mitigate the overall risks faced by the group's business. It is worth noting that in August of this year, the Hong Kong Securities and Futures Commission pointed out that the ownership of E&P GLOBAL is highly concentrated, with only 69.1143 million shares (1.01% of the issued share capital) held by other shareholders. The company then issued a statement confirming that directors have ensured that at least 25% of the issued shares are held by the public as of July 31, 2025, and on the date of this announcement, and that the company has maintained a sufficient level of public shareholding as required by listing rules.