Ritamix Global Limited — Major Shareholding Notification 2020

Jul 13, 2020

Announcement

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13 July 2020

High Concentration of Shareholding in Ritamix Global Limited (Stock Code: 1936)

This announcement is made by the Securities and Futures Commission (“SFC”) in respect of the concentration of the shareholding of Ritamix Global Limited (“the Company”) in the hands of a limited number of shareholders as at 3 July 2020.

In view of the high concentration of shareholding in a small number of shareholders, shareholders and prospective investors should be aware that the price of the shares of the Company (“Shares”) could fluctuate substantially even with a small number of shares traded, and should exercise extreme caution when dealing in the Shares.

The SFC has recently completed an enquiry into the shareholding of the Company. Our findings suggested that, as at 3 July 2020, a group of 15 shareholders held an aggregate of 91,092,000 Shares, representing 18.22% of the issued Shares. Such shareholding, together with an aggregate of 375,000,000 Shares (representing 75.00% of the issued Shares) held by 2 substantial shareholders of the Company, represented 93.22% of the issued Shares as at 3 July 2020. Therefore, only 33,908,000 Shares (representing 6.78% of the issued Shares) were held by other shareholders.

As at 3 July 2020, the shareholding structure of the Company was as follows:-

Garry-Worth Investment Limited_(Note 1)Warrants Capital Limited(Note 2)_A group of 15 shareholdersOther shareholdersTotal	Number ofShares held(Shares)337,500,00037,500,00091,092,00033,908,000500,000,000	% of totalnumber ofissued Shares(%)67.507.5018.226.78100.00

Note 1: Garry-Worth Investment Limited is owned as to 53.37% by Dato’ Sri Lee Haw Yih (the Chairman and an Executive Director of the Company), 20.17% by Lee Haw Shyang (a Non-Executive Director of the Company), 20.17% by Lee Haw Hann and 6.29% by Datin Sri Yaw Sook Kean (an Executive Director of the Company).

Note 2: Warrants Capital Limited is owned as to 50% and 50% by Lee Soo Kai and Voon Sze Lin, respectively.

The Company was listed on the Main Board of the Stock Exchange of Hong Kong Limited on 13 May 2020 by way of share offer of 125,000,000 Shares (representing 25% of the issued Shares) at HK$1.00 per share (the “Initial Offer Price”).

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On the first day of listing, the Shares closed at HK$2.76, representing an increase of 176% from the Initial Offer Price.

Then from 14 May 2020 to 3 July 2020, the closing price of the Shares increased 85% from HK$2.76 to HK$5.10.

As of 10 July 2020, the Shares closed at HK$5.60, representing an increase of 460% from the Initial Closing Price.

In view of the high concentration of shareholding in a small number of shareholders, shareholders and prospective investors should be aware that the price of the Shares could fluctuate substantially even with a small number of shares traded, and should exercise extreme caution when dealing in the Shares.

End

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