SFC issues restriction notices to 10 brokers to freeze client accounts linked to a suspected social media ramp-and-dump scam | Gazette Notices
SFC, 25-Apr-2023
The subsequent Gazette notices reveal that the stock involved is Grand Talents (8516). We calculate that the total amount frozen across 10 brokers is HK$379m.

• Orgs
  • CHINA INDUSTRIAL SECURITIES INTERNATIONAL BROKERAGE LIMITED
  • Futu Securities International (HONG KONG) Limited
  • IMPERIUM INTERNATIONAL SECURITIES LIMITED
  • Lego Securities Limited
  • PHILLIP SECURITIES (HONG KONG) LIMITED
  • Quam Plus Securities Limited
  • SILVERBRICKS SECURITIES COMPANY LIMITED
  • uSmart Securities Limited
  • VALUABLE CAPITAL LIMITED
  • WEBULL SECURITIES LIMITED
• Topics
  • Market manipulation

Concentration warning in Grand Talents (8516)
SFC, 21-Jun-2019
The top 20 holders have 95.15%. The stock was listed on 15-Oct-2018. It is now at $3.03 or 7.58x its IPO price of $0.40.

• Topics
  • Bubble/concentration warnings