Insiders Hold Large Stakes in Multiple Firms

Ownership across the profiled companies is highly concentrated, with roughly half of each firm's shares held by a small number of top shareholders. CTI Logistics reports about 48% insider ownership, led by David Watson with a 32% stake. Berliner Effektengesellschaft is even more concentrated, with insiders holding about 58% and CEO Holger Timm the largest single shareholder. Berjaya Corporation Berhad’s top 16 shareholders own 50% of the company, with retail investors holding 37% and insiders 24%. Ancom Nylex and Central Global have roughly 51% of shares held by their top seven shareholders, with insiders owning about 32% and 36% respectively, while institutional and hedge fund stakes are generally not meaningful. This structure can align management and shareholders but also raises liquidity and concentrated-risk concerns.