Newton Resources Ltd’s (HKG:1231) stock price dropped 12% last week; private companies would not be happy
Key Insights
- Newton Resources’ significant private companies ownership suggests that the key decisions are influenced by shareholders from the larger public
- The top 2 shareholders own 56% of the company
- Insiders own 29% of Newton Resources
Every investor in Newton Resources Ltd (HKG:1231) should be aware of the most powerful shareholder groups. The group holding the most number of shares in the company, around 43% to be precise, is private companies. In other words, the group stands to gain the most (or lose the most) from their investment into the company.
While insiders who own 29% came under pressure after…
