HK Stock Market Move | E&P GLOBAL(01142) plunged more than 50%, dropping over 70% within the month, previously mentioned by the Hong Kong Securities and Futures Commission for high concentration of shareholding.

E&P GLOBAL (01142) plunged in the afternoon, with the stock price dropping over 50% at one point, and the cumulative decline for the month has exceeded 70%. As of press time, it fell by 45.79%, closing at 1.16 Hong Kong dollars with a turnover of 33.2445 million Hong Kong dollars. On the news front, in August of this year, the Hong Kong Securities and Futures Commission mentioned that E&P GLOBAL's equity 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 at least 25% of the issued shares are held by the public as of July 31, 2025 and the date of this announcement, and the company has maintained a sufficient public shareholding level as required by listing rules. In addition, the company announced in early October that the mining license of its subsidiary in Russia has been revoked, and they plan to further appeal.