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An update from Allan International Holdings Limited ( (HK:0684) ) is now available.
Allan International Holdings Limited has disclosed that its public float currently stands at approximately 24.04%, below the 25% minimum required under Hong Kong listing rules, due mainly to significant shareholdings by a family-related trust, core connected persons and associated investors. The board is in active discussions with core connected persons about disposing of part of their stakes to restore the required public float, and has pledged to provide further updates and regular announcements, signalling an intention to resolve the compliance shortfall while keeping shareholders and potential investors informed of progress and any remedial measures.
The most recent analyst rating on (HK:0684) stock is a Hold with a HK$0.50 price target. To see the full list of analyst forecasts on Allan International Holdings Limited stock, see the HK:0684 Stock Forecast page.
More about Allan International Holdings Limited
Allan International Holdings Limited is a Hong Kong-listed company incorporated in Bermuda and traded on the Main Board of the Stock Exchange of Hong Kong under stock code 684. Its shareholder base includes a controlling family-related trust, individual core connected persons and other strategic investors, with the remaining shares held by public shareholders in the market.
Average Trading Volume: 111,200
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$176.5M
See more insights into 0684 stock on TipRanks’ Stock Analysis page.