GHW INTL plunged more than 32% in the morning, and Hong Kong's Securities and Futures Commission pointed out that its shares are highly concentrated

GHW INTL(09933) fell more than 32% in the morning, noteworthy is that the stock price rose 7.2 times from 0.61 HKD in the end of March this year to 5 HKD as of September 27 this year. As of the writing, it fell 32.32% to HKD3.79, with a turnover of HKD5.06 million.

On the news, on October 15, the Hong Kong Securities and Futures Commission announced that GHW International's shares were highly concentrated. The inquiry found that on September 27, 2024, 17 shareholders held a total of 174 million shares of the Company, accounting for 17.40% of the Company's issued shares. The relevant shares together with the 804 million shares held by three major shareholders (accounting for 80.43% of the issued shares) accounted for 97.83% of the Company's issued shares. Therefore, only 21.65 million shares (accounting for 2.17% of the issued shares) were held by other shareholders.

According to public information, the Company is an integrated service provider of chemical intermediates, offering a comprehensive and widely applicable product portfolio to customers worldwide. It focuses on "animal nutrition chemicals, polyurethane, fine chemicals, pharmaceutical products and intermediates" in four sectors. In the first half of this year, the Company achieved revenue of Rmb179mn, up 21.28% YoY; and attributable profit of Rmb4.447mn, up 404.77% YoY.