HK Stock Market Move | RUIFENG POWER (02025) plunged more than 40% in a single day, with its stock price halving in three trading days. Prior to this, the stock was singled out for its highly concentrated price.

This morning, RUIFENG POWER (02025) plunged over 40% at one point, with its stock price halving in the past three trading days. The stock had surged from HK$1.31 to HK$21.54 between December 2, 2024, and February 24, 2026, an increase of 15.4 times. As of the time of writing, the stock has fallen by 36.51% to HK$10, with a trading volume of HK$31.761 million. On the news front, on March 9, the Hong Kong Securities and Futures Commission stated that it had recently conducted an inquiry into the ownership distribution of RUIFENG POWER. The inquiry results showed that as of February 24, 22 shareholders and their related parties collectively held 149 million shares of the company, equivalent to 18.52% of the issued share capital. These shares, together with the 573 million shares held by one controlling shareholder of the company and three major shareholders, accounted for 71.58% of the issued share capital, or 90.1% of the company's issued share capital. Therefore, only 79.1657 million shares were held by other shareholders, accounting for 9.9% of the issued share capital. The Hong Kong Securities and Futures Commission pointed out that due to the high concentration of share ownership in a small number of shareholders, even a small amount of share trading could cause significant fluctuations in the stock price. Shareholders and potential investors are advised to exercise caution when buying or selling shares in the company.