Allan International Holdings Faces Public Float Challenge

Allan International Holdings Limited ( (HK:0684) ) has shared an update.

Allan International Holdings Limited is facing a challenge with its public float, which has fallen below the minimum prescribed percentage of 25% as required by the Listing Rules. The reduction in public float is attributed to on-market acquisition of shares by Mr. Webb David Michael and Preferable Situation Assets Limited, both of which are wholly owned by Mr. Webb. Currently, the public float stands at approximately 24.04%. The company is exploring options to restore the public float to the required level, including inviting core connected persons to dispose of shares or issuing new shares to the public.

More about Allan International Holdings Limited

Average Trading Volume: 142,160

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$216.5M

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