Migao Group Holdings Limited (HK:9879) has released an update.
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Migao Group Holdings Limited has a highly concentrated shareholding structure, with 99.04% of its shares owned by the Chairperson and a small group of 13 shareholders, leaving less than 1% for the wider public. This concentration has led to substantial fluctuations in the share price, which saw a 96% increase within three months despite the company’s reported 34.5% drop in net profit for the year. Investors are advised to exercise caution due to the potential for significant share price volatility with minimal trading activity.
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