HK Stock Market Move | E&P GLOBAL (01142) rebounds by more than 165%, still dropping by over 86% within the month, previously mentioned for highly concentrated ownership.

E&P GLOBAL (01142) rebounded by more than 165% today, with a cumulative decline of over 86% for the month. As of the release, it rose by 142.5% to HK$0.485, with a turnover of HK$102 million. On the news front, E&P GLOBAL recently announced that it has expanded its business to trade energy-related commodities (such as coal) in the People's Republic of China. The group plans to leverage its industry contacts in the coal mining business in northern China to enter this market and expand its business to other regions in China. The reason for this move is to reduce the overall risks faced by the group. It is worth noting that in August of this year, the Hong Kong Securities and Futures Commission pointed out that E&P GLOBAL has a highly concentrated ownership structure, with only 69.11 million shares (1.01% of the issued share capital) held by other shareholders. The company then announced that the directors confirmed that as of July 31, 2025, and the date of this announcement, at least 25% of the issued shares are held by the public, and the company has maintained a sufficient level of public shareholding as required by listing rules.