Ban Loong Holdings Limited (HK:0030) has released an update.
Ban Loong Holdings Limited faces a potential challenge as Yunnan Baiyao Group plans to fully exercise its conversion rights on convertible bonds, potentially reducing the company’s public float below the required 25%. The company is actively seeking new investors to maintain compliance with Hong Kong’s listing rules. Stakeholders are advised to stay informed as developments unfold.
For further insights into HK:0030 stock, check out TipRanks’ Stock Analysis page.
