HK Stock Market Move | NEW GONOW RV (00805) Plunges Over 35%, Named by Hong Kong SFC for Highly Concentrated Shareholding; Stock Had Risen as Much as 10-Fold in the Previous 6 Months

NEW GONOW RV (00805) plunged vertically at the open this morning, with losses at one point exceeding 35%. Notably, the stock had just hit a new high of HK$15.09 in the previous trading session, 10 times higher than its closing price on April 23 this year. As of press time, it was down 33.53% at HK$10.03, with turnover of HK$15.5363 million. On the news front, the Hong Kong SFC recently conducted an inquiry into the shareholding distribution of NEW GONOW RV. The inquiry results showed that as of October 13, 2026, 22 shareholders and their related parties together held 400.2 million shares of the company, equivalent to 41.69% of the company's issued share capital. Together with the 467 million shares held by the company's chairman and chief executive officer (accounting for 48.69% of the issued share capital), the relevant shareholding was equivalent to 90.38% of the company's issued share capital. Therefore, only 92,310,300 shares (accounting for 9.62% of the issued share capital) were held by other shareholders.