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Affluent Foundation Holdings Ltd. ( (HK:1757) ) has issued an announcement.
Affluent Foundation Holdings Limited has secured a temporary waiver from the Stock Exchange of Hong Kong after its public float fell slightly below the 25% minimum threshold following a share offer by major shareholder China VC Holdings Limited. To rectify the shortfall, the offeror disposed of 4.39 million shares via a placing agent to independent third parties, lifting the public float back to exactly 25%, or 300 million shares, thereby restoring compliance with listing requirements and removing a potential overhang on the company’s trading status and regulatory standing.
The most recent analyst rating on (HK:1757) stock is a Hold with a HK$6.00 price target. To see the full list of analyst forecasts on Affluent Foundation Holdings Ltd. stock, see the HK:1757 Stock Forecast page.
More about Affluent Foundation Holdings Ltd.
Affluent Foundation Holdings Limited is a Hong Kong-listed company incorporated in the Cayman Islands, with its shares traded on the Main Board of the Stock Exchange of Hong Kong under stock code 1757. The board is led by chairman and executive director Zhou Zhenlin, supported by a non-executive director and three independent non-executive directors, indicating a conventional governance structure for a mid-cap listed issuer.
Average Trading Volume: 3,560,675
Technical Sentiment Signal: Buy
Current Market Cap: HK$7.2B
Learn more about 1757 stock on TipRanks’ Stock Analysis page.