WEBULL

Private companies invested in Zero Fintech Group Limited (HKG:93) copped the brunt of last week's HK$160m market cap decline

Simply Wall St · 3d ago

Key Insights

  • The considerable ownership by private companies in Zero Fintech Group indicates that they collectively have a greater say in management and business strategy
  • A total of 2 investors have a majority stake in the company with 74% ownership
  • Insider ownership in Zero Fintech Group is 36%

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To get a sense of who is truly in control of Zero Fintech Group Limited (HKG:93), it is important to understand the ownership structure of the business. The group holding the most number of shares in the company, around 47% to be precise, is private companies. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn).

While insiders, who own 36% shares weren’t spared from last week’s HK$160m market cap drop, private companies as a group suffered the maximum losses

Let's take a closer look to see what the different types of shareholders can tell us about Zero Fintech Group.

See our latest analysis for Zero Fintech Group

ownership-breakdown
SEHK:93 Ownership Breakdown January 6th 2026

What Does The Lack Of Institutional Ownership Tell Us About Zero Fintech Group?

We don't tend to see institutional investors holding stock of companies that are very risky, thinly traded, or very small. Though we do sometimes see large companies without institutions on the register, it's not particularly common.

There are many reasons why a company might not have any institutions on the share registry. It may be hard for institutions to buy large amounts of shares, if liquidity (the amount of shares traded each day) is low. If the company has not needed to raise capital, institutions might lack the opportunity to build a position. Alternatively, there might be something about the company that has kept institutional investors away. Institutional investors may not find the historic growth of the business impressive, or there might be other factors at play. You can see the past revenue performance of Zero Fintech Group, for yourself, below.

earnings-and-revenue-growth
SEHK:93 Earnings and Revenue Growth January 6th 2026

Zero Fintech Group is not owned by hedge funds. Looking at our data, we can see that the largest shareholder is First Trend Management (PTC) Limited with 47% of shares outstanding. For context, the second largest shareholder holds about 27% of the shares outstanding, followed by an ownership of 5.7% by the third-largest shareholder. Tommy Lee, who is the second-largest shareholder, also happens to hold the title of Chief Executive Officer.

To make our study more interesting, we found that the top 2 shareholders have a majority ownership in the company, meaning that they are powerful enough to influence the decisions of the company.

Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. As far as we can tell there isn't analyst coverage of the company, so it is probably flying under the radar.

Insider Ownership Of Zero Fintech Group

The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.

Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group.

Our most recent data indicates that insiders own a reasonable proportion of Zero Fintech Group Limited. Insiders own HK$428m worth of shares in the HK$1.2b company. We would say this shows alignment with shareholders, but it is worth noting that the company is still quite small; some insiders may have founded the business. You can click here to see if those insiders have been buying or selling.

General Public Ownership

The general public-- including retail investors -- own 17% stake in the company, and hence can't easily be ignored. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies.

Private Company Ownership

It seems that Private Companies own 47%, of the Zero Fintech Group stock. It might be worth looking deeper into this. If related parties, such as insiders, have an interest in one of these private companies, that should be disclosed in the annual report. Private companies may also have a strategic interest in the company.

Next Steps:

It's always worth thinking about the different groups who own shares in a company. But to understand Zero Fintech Group better, we need to consider many other factors.

I like to dive deeper into how a company has performed in the past. You can find historic revenue and earnings in this detailed graph.

Of course this may not be the best stock to buy. Therefore, you may wish to see our free collection of interesting prospects boasting favorable financials.

NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.