Core Viewpoint - Deutsche Bank Tianxia (02418) has a highly concentrated shareholding structure, with ten shareholders holding 98.90% of the issued H-shares, raising concerns about liquidity and market dynamics [1] Shareholding Structure - As of November 18, 2025, ten shareholders collectively own 546 million H-shares, which is 98.90% of the total issued H-shares [1] - Only 6.0545 million H-shares, representing 1.10% of the total, are held by other investors [1] Stock Price Performance - The closing price of the company's H-shares increased from HKD 2.30 on September 29, 2025, to HKD 9.29 on November 18, 2025, marking a 304% rise [1] - As of December 1, 2025, the closing price reached HKD 9.88, reflecting a 330% increase compared to the price on September 29, 2025 [1]
港证监：德银天下(02418)股权高度集中