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Allan International Holdings Limited ( (HK:0684) ) has shared an update.
Allan International Holdings has disclosed that its public float currently stands at 24.04%, below the 25% minimum required under Hong Kong Listing Rules, leaving the company in a state of non-compliance. The shareholder base remains highly concentrated, with the controlling trust, Cheung family members, their related persons and Mr. and Ms. Webb together holding the majority of the 333,054,520 issued shares.
To address the shortfall, the company is exploring options such as potential disposals of shares by connected persons and expects to formulate a detailed restoration plan within five months. During this period of non-compliance, Allan International will provide monthly updates on its public float status and adhere to other ongoing obligations under the Listing Rules, aiming to restore sufficient liquidity and meet regulatory standards as soon as practicable.
More about Allan International Holdings Limited
Allan International Holdings Limited is a Bermuda-incorporated company listed in Hong Kong. It operates as an investment holding company, with its shares traded on the Main Board of the Stock Exchange of Hong Kong, and its ownership is concentrated among core connected persons and related entities.
Average Trading Volume: 66,848
Technical Sentiment Signal: Sell
Current Market Cap: HK$163.2M
See more data about 0684 stock on TipRanks’ Stock Analysis page.