The Securities and Futures Commission (SFC) has recently completed an enquiry into the shareholding of Xiwang Special Steel (01266) and found as at 17 November 2015, 12 shareholders held an aggregate of 329 million shares, representing 16.45% of the issued shares.
Such shareholding, together with the 1,500 million shares (representing 75% of the issued shares) held by a substantial shareholder, represented 91.45% of the issued shares as at 17 November 2015. Therefore, only 171 million shares (representing 8.55% of the issued shares) were held by other shareholders.