Shanghai REFIRE Group Limited’s (HKG:2570) stock price dropped 7.6% last week; individual investors would not be happy

Key Insights

• Significant control over Shanghai REFIRE Group by individual investors implies that the general public has more power to influence management and governance-related decisions
• 51% of the business is held by the top 7 shareholders
• 20% of Shanghai REFIRE Group is held by insiders

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If you want to know who really controls Shanghai REFIRE Group Limited (HKG:2570), then you’ll have to look at the makeup of its share registry. And the group that holds the biggest piece of the pie are individual investors with 30% ownership. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn).

Following a 7.6% decrease in the stock price last week, individual investors suffered the most losses, but insiders who own 20% stock also took a hit.

In the chart below, we…