Dazhong Mining Co., Ltd.’s (SZSE:001203) stock price dropped 4.7% last week; private companies would not be happy
Key Insights
- The considerable ownership by private companies in Dazhong Mining indicates that they collectively have a greater say in management and business strategy
- The top 2 shareholders own 64% of the company
- 25% of Dazhong Mining is held by insiders
To get a sense of who is truly in control of Dazhong Mining Co., Ltd. (SZSE:001203), it is important to understand the ownership structure of the business. And the group that holds the biggest piece of the pie are private companies with 52% ownership. In other words, the group stands to gain the most (or lose the most) from their investment into the company.
While insiders, who own 25% shares weren’t spared from last week’s CN¥639m market cap drop, private companies as…
