A corporate group controlled by Hong Kong Super Rich Li Ka -shing said that it is linked to the Shangbao Group shares held by it.Shangchang Group is the parent company of the hot retail stocks.
According to the Wall Street Journal, the Yangtze River Group supported by billionaire Li Jiacheng said that most of the shares of Shangcheng Group have been sold in the past 10 years ago, and the current shares held less than 4%.A department of the Yangtze River Group and the Australian Federal Bank established the Shangbo Group in January 2003.
AMTD Idea Group, which is still available in Non -listed companies, holds New York, has held most shares of the stills.Shangbo Duke is a little -known Asian fintech company. Its US Stock Stock (ADS) has soared to $ 2555.30 this week.The IPO price of Shangbuke is $ 7.80.
The rise of the stock attracts retail investors on online forums such as Reddit WallStreetbets, but it is still unclear the promotion factor behind the stock rising.
The Yangtze River Group said that no shares of the stills are not held, and there is no business with it.The Yangtze River Group also said that it did not participate in the operation or business plan of Shangbo Group.
