消息面上，香港证监会此前公布，最近曾就德银天下股权分布查讯。结果显示该公司于11月18日，有十 名股东合共持有5.46亿股，相当于该公司已发行H股股本98.9%。因此，该公司只有605.45万股，占已发 行H股股本之1.1%由其他投资者持有。 德银天下(02418)再跌超8%，截至发稿，跌7.9%，报8.51港元，成交额865.06万港元。 ...

12月5日，中式面馆头部品牌遇见小面（02408.HK）登陆港交所。然而挂牌首日，其与同日上市的天域半导体（02658.HK）双双遭遇破发。 截至发稿，遇见小面股价大幅下跌28.69%，市值不足40亿港元。 股权高度集中 遇见小面上市即破发，或许与其股权高度集中的结构有关。 目前，公司控股股东为由创始人宋奇、苏旭翔共同成立的淮安创韬，在假设超额配股权获悉数行使且新H股已发行的情况下，其持股比例为45.7%。而公司 前十大及前二十五大股东的持股比例合计分别高达88.3%与95.3%，股权集中度较为突出。 | 以不未下又小们 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | 配發佔 | | 配發佔 發售股份 | | | 佔上市 後已發行 | | | | | 國際發售 | | 總數的 | | | 股本總額 | | | | | 的直分比 | 配發佔 | 百分比 | | 佔上市 | 的直分比 | | | | 配發佔 | （假設超額 | 發售股份 | (假設超額 | | 後已發行 | (假設超額 | | | ...

● 龚梦泽 熊永红 12月3日，港交所商用车服务龙头德银天下上演股价巨震。受香港证监会披露股权高度集中消息影响， 该股盘中最大跌幅超40%，最终收跌27.99%报7.05港元。4日，德银天下报收8.58港元，总市值为187亿 港元。这只9月、10月分别上涨184.58%、37.22%的大牛股，因股权结构问题突然被推至风口浪尖，其 背后的经营基本面与行业地位也随之引发市场重估。 中国证券报记者注意到，尽管德银天下强调2024年的独立第三方客户收入同比增长18.7%，但该部分收 入基数仅为9.93亿元，且主要集中于西部地区，外拓能力尚未经过全国市场检验。 从业绩总体表现看，2024年德银天下实现营业收入26.28亿元，归母净利润1.53亿元，同比增长2.7%， 看似跑赢行业增速，但营收呈现下滑趋势——2021年为31.27亿元，2023年降至31.19亿元，2024年进一 步下降15.7%。 股权高度集中引质询 此次股价异动的直接导火索，是香港证监会12月2日晚间发布的股权分布查询结果。文件显示，截至11 月18日，德银天下5.46亿股H股中，有98.90%由10名股东集中持有，仅余605.45万股（占比1.10 ...

Core Viewpoint - Deutsche Bank Tianxia (02418.HK) experienced a significant drop in stock price, closing at HKD 7.05, with a decline of 27.988% due to concerns over its highly concentrated shareholding structure [1] Shareholding Concentration - As of November 18, 98.90% of Deutsche Bank Tianxia's shares are held by ten shareholders, totaling 546 million H-shares, leaving only 6.0545 million H-shares (1.10%) available to other investors [1] - The Hong Kong Securities and Futures Commission highlighted that the concentrated shareholding could lead to substantial price volatility, even with minimal trading activity [1]

Core Viewpoint - Deutsche Bank's stock, 德银天下, experienced a significant drop of 43.82% to 5.5 HKD, marking a new low since October 13, with a current decline of 31.36% at 6.72 HKD [1][5]. Group 1: Stock Performance - The stock price surged from 2.3 HKD on September 29 to 9.29 HKD by November 18, representing a 3.3 times increase [3][7]. - As of December 1, the stock closed at 9.88 HKD, reflecting a year-to-date increase of 6.77 times [3][7]. - The stock's trading volume reached 3.3024 million shares, with a market capitalization of 14.659 billion HKD [2][6]. Group 2: Shareholding Structure - The Hong Kong Securities and Futures Commission highlighted that the shareholding of 德银天下 is highly concentrated, with the top 10 shareholders holding 98.9% of the H-shares, equating to 546 million shares, leaving only 1.1% or 6.0545 million shares in public hands [2][6]. - In addition to H-shares, 德银天下 has 1.629 billion domestic shares [2][6].

Core Viewpoint - Deutsche Bank's stock (2418.HK) experienced a significant drop of 43.82% to HKD 5.5, marking a new low since October 13, following concerns raised by the Hong Kong Securities and Futures Commission regarding the high concentration of its shareholding [1] Group 1: Shareholding Structure - The Hong Kong Securities and Futures Commission reported that the top 10 shareholders of Deutsche Bank hold 98.9% of the shares, equating to 546 million H-shares, leaving only 1.1% or 6.05 million H-shares available in the market [1] - In addition to H-shares, Deutsche Bank has 1.629 billion domestic shares [1] Group 2: Stock Price Performance - Deutsche Bank's stock price surged from HKD 2.3 to HKD 9.29 between September 29 and November 18 [1] - As of December 1, the stock closed at HKD 9.88, representing a 3.3 times increase compared to the closing price on September 29 [1] - Year-to-date, Deutsche Bank's stock has increased by 6.77 times [1]

德银天下(02418)重挫近25%，截至发稿，跌23.8%，报7.46港元，成交额532.38万港元。 消息面上，香港证监会公布，最近曾就德银天下(02418.HK)股权分布查讯。结果显示该公司于11月18 日，有十名股东合共持有5.46亿股，相当于该公司已发行H股股本98.9%。因此，该公司只有605.45万 股，占已发行H股股本之1.1%由其他投资者持有。 ...

Core Viewpoint - HOME CONTROL (01747) faces scrutiny from the Hong Kong Securities and Futures Commission (SFC) regarding its highly concentrated shareholding structure, leading to a significant drop in its stock price by over 20% in early trading [1] Group 1: Stock Performance - As of November 3, the company's stock closed at HKD 5.82, which is an increase of 561% compared to the closing price on June 18 of this year [1] - The stock price has since dropped by 19.82%, trading at HKD 4.41 with a transaction volume of HKD 6.4054 million [1] Group 2: Shareholding Structure - The SFC's inquiry revealed that as of October 17, 20 shareholders collectively held 88.908 million shares, representing 17.55% of the issued share capital [1] - A major shareholder holds 375 million shares, accounting for 74.06% of the issued share capital, leading to a total of 91.61% of shares being concentrated among a few [1] - Only 42.54 million shares, or 8.39% of the issued share capital, are held by other shareholders [1] Group 3: Compliance with Regulations - The company confirmed that as of October 17 and currently, at least 25% of the issued shares are held by the public, maintaining compliance with the Hong Kong Stock Exchange's listing rules regarding sufficient public float [1]

Core Viewpoint - HOME CONTROL (01747.HK) has acknowledged the announcement from the Securities and Futures Commission (SFC) regarding its shareholding distribution, indicating a significant concentration of ownership among a small number of shareholders [1] Shareholding Distribution - As of October 17, 2025, 20 shareholders collectively held 88.908 million shares, representing 17.55% of the issued share capital [1] - This ownership, combined with approximately 375 million shares held by a major shareholder (accounting for 74.06% of the issued share capital), totals 91.61% of the issued share capital [1] - Only 42.54 million shares, or 8.39% of the issued share capital, are held by other shareholders [1] Public Shareholding Compliance - The board has confirmed that as of October 17, 2025, and the date of the announcement, at least 25% of the issued shares are held by the public [1] - The company has maintained sufficient public float as required by the listing rules of the Stock Exchange [1]

Core Viewpoint - The Hong Kong Securities and Futures Commission has investigated the shareholding distribution of HOME CONTROL (01747), revealing a high concentration of ownership among a few shareholders, which may lead to significant price volatility in the company's shares [1][5]. Shareholding Distribution - As of October 17, 2025, there are 20 shareholders collectively holding 88,908,000 shares, representing 17.55% of the company's issued share capital [1][4]. - A major shareholder, Meta-Wisdom Tech Limited, holds 375,202,000 shares, accounting for 74.06% of the issued share capital [1][4]. - In total, these two groups control 91.61% of the company's issued share capital, leaving only 42,540,000 shares (8.39%) held by other shareholders [1][4]. Share Price Performance - Between June 18, 2025, and October 17, 2025, the company's share price increased from HKD 0.88 to HKD 4.54, marking a 416% rise [5]. - On November 3, 2025, the share price reached HKD 5.82, representing a 561% increase compared to the price on June 18, 2025 [5].