Spring Real Estate Investment Trust Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

SEHK:1426 Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
17 Dec 24	BuyHK$107,958	Simon Murray	Individual	57,000	HK$1.89
17 Dec 24	BuyHK$107,958	Liping Qiu	Individual	57,000	HK$1.89
17 Dec 24	BuyHK$117,428	Yiu Kin Lam	Individual	62,000	HK$1.89
17 Dec 24	SellHK$333,344	Spring Asset Management Limited	Company	176,000	HK$1.89
31 Oct 24	BuyHK$10,474,978	Spring Asset Management Limited	Company	5,266,455	HK$1.99
16 Aug 24	BuyHK$10,328,081	Spring Asset Management Limited	Company	5,447,302	HK$1.90
21 Jun 24	BuyHK$107,690	Liping Qiu	Individual	55,000	HK$1.96
21 Jun 24	BuyHK$107,690	Simon Murray	Individual	55,000	HK$1.96
21 Jun 24	SellHK$332,859	Spring Asset Management Limited	Company	170,000	HK$1.96
30 Apr 24	BuyHK$10,355,397	Spring Asset Management Limited	Company	5,579,416	HK$1.86
26 Mar 24	BuyHK$106,704	Simon Murray	Individual	54,000	HK$1.98
26 Mar 24	BuyHK$106,704	Liping Qiu	Individual	54,000	HK$1.98
26 Mar 24	BuyHK$116,584	Yiu Kin Lam	Individual	59,000	HK$1.98
26 Mar 24	SellHK$329,992	Spring Asset Management Limited	Company	167,000	HK$1.98
25 Mar 24	BuyHK$10,455,665	Spring Asset Management Limited	Company	5,227,842	HK$2.00

Insider Trading Volume

Insider Buying: 1426 insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of 1426?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	109,390,639	7.5%
VC/PE Firms	169,552,089	11.6%
General Public	336,055,301	23%
Private Companies	361,658,420	24.8%
Institutions	482,414,676	33.1%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 15 shareholders own 76.97% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
25.2%	Aizawa Asset Management Co., Ltd.	367,359,361	HK$687.0m	0%	98.11%
24.7%	Huamao Property Holdings Ltd	360,188,420	HK$673.6m	0%	no data
11.6%	PAG	169,552,089	HK$317.1m	0%	20.77%
7.03%	Mamoru Taniya	102,604,639	HK$191.9m	0%	no data
5.17%	Spring Asset Management Limited	75,365,907	HK$140.9m	7.51%	no data
2.19%	Mercuria Investment Co., Ltd.	32,020,798	HK$59.9m	0%	94.03%
0.46%	Dimensional Fund Advisors LP	6,668,610	HK$12.5m	-0.01%	no data
0.11%	Toshihiro Toyoshima	1,652,000	HK$3.1m	0%	no data
0.1%	Pure Sage Investments Limited	1,470,000	HK$2.7m	0%	no data
0.1%	Yiu Kin Lam	1,460,000	HK$2.7m	4.36%	no data
0.096%	Simon Murray	1,400,000	HK$2.6m	4.17%	no data
0.096%	Liping Qiu	1,400,000	HK$2.6m	4.17%	no data
0.069%	UB Fund Management Company Ltd.	1,000,000	HK$1.9m	0%	0.06%
0.052%	Kwok Hoe Leung	759,000	HK$1.4m	0%	no data
0.0079%	Hideya Ishino	115,000	HK$215.0k	0%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/22 01:21
End of Day Share Price	2024/12/20 00:00
Earnings	2024/06/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Spring Real Estate Investment Trust is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Zengxiang Jin	Mizuho Securities Asia Limited
Yosuke Ohata	Mizuho Securities Co., Ltd.