Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
An update from Allied Group ( (HK:0373) ) is now available.
Allied Group Limited has disclosed that its public float has slipped marginally below the 25% minimum required by Hong Kong listing rules, standing at approximately 24.99653% after 280,000 shares were transferred in June 2025 under a will to executive director Edwin Lo King Yau, whose connected person status excludes his holdings from the public float. The company attributes the shortfall of 0.00347 percentage points to an inadvertent compliance oversight and stresses that, despite the technical breach, the public shareholding still represents about HK$2.45 billion in market capitalisation, indicating an ongoing open market in the stock. Allied Group is now exploring measures, including potential use of the Listing Rules’ alternative threshold mechanism, and aims to restore compliance with the public float requirement by 30 April 2026, with monthly progress updates pledged to keep shareholders and the market informed.
The most recent analyst rating on (HK:0373) stock is a Buy with a HK$3.50 price target. To see the full list of analyst forecasts on Allied Group stock, see the HK:0373 Stock Forecast page.
More about Allied Group
Allied Group Limited is a Hong Kong–incorporated company listed on the Stock Exchange of Hong Kong. It has a concentrated shareholding structure dominated by the Lee and Lee Trust and related parties, with a relatively small free float available to public investors.
Average Trading Volume: 588,763
Technical Sentiment Signal: Buy
Current Market Cap: HK$10.22B
For a thorough assessment of 0373 stock, go to TipRanks’ Stock Analysis page.