Concentration warning in Southeast Asia Properties & Finance (0252)
SFC, 25-Jul-2018
This follows a complaint by Webb-site to the SFC on 10-Jun-2018. The top 22 holders have 92.2%. The company has applied to list a subsidiary, Hotel Benito Holdings Ltd, on GEM, distributing 100% of it to existing holders. We complained that this would create another listed company with identical concentrated ownership.
The Webb-site concentration screen today launches a new function in our CCASS Analysis system, to allow investors and regulators to screen the market for concentrations of ownership in HK-listed companies, where market prices may not be an accurate reflection of fair value. (22-Jan-2010)

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