I am not sure what they are up to, but I know that in Hong Kong it is not uncommon to see "concentration warnings" from the HKSFC regarding listed companies that have 95%+ ownership of a group of related people/companies.
A website, run by David Webb, actually has some great research and information on some of these type of inter-company deals. https://webb-site.com/
Here is one example of how complex these sort of things can be: https://webb-site.com/articles/haotiancifg.asp
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $1.19M |
Open | High | Low | Value | Volume |
0.3¢ | 0.3¢ | 0.3¢ | $738 | 246.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 5988793 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 7299330 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 5988793 | 0.003 |
11 | 24576000 | 0.002 |
7 | 89800000 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 7299330 | 6 |
0.005 | 9139890 | 4 |
0.006 | 3580740 | 3 |
0.007 | 7861595 | 3 |
0.008 | 2600000 | 2 |
Last trade - 13.18pm 28/06/2024 (20 minute delay) ? |
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