Hong Kong Securities Supervision Commission names Guofu Innovation as highly concentrated and was approved to provide virtual asset trading services last month

According to market news, the Hong Kong Securities Supervision Commission said that it has recently conducted an inquiry into the shareholding distribution of Guofu Innovation, and the results show that as of August 9 this year, the company's 20 shareholders held more than 3.55 billion shares (equivalent to 49.93% of the issued share capital), and the relevant shares together with the company's three major shareholders held more than 2.89 billion shares (accounting for 40.62% of the issued share capital), equivalent to 90.55% of the issued share capital of Guofu Innovation. The Hong Kong Securities Supervision Commission pointed out that in view of the high concentration of equity in a small number of shareholders, even if a small number of shares are traded, its share price may fluctuate significantly. Shareholders and potential investors are reminded to exercise caution when trading.
And just last month, Guofu Innovation announced that its wholly-owned subsidiary, Fuqiang Securities, has obtained approval from the Hong Kong Securities Supervision Commission to provide virtual asset trading services to professional investor clients through the operation of integrated accounts opened and maintained on the licensed platform of the Securities Supervision Commission. (Aastocks)