Beijing Saimo Files for H-Share Full Circulation as It Works to Restore Public Float

Beijing Saimo Technology Co. Ltd. Class H ( (HK:2571) ) just unveiled an announcement.

Beijing Saimo Technology has submitted a filing to the China Securities Regulatory Commission to implement an H-share full circulation scheme, paving the way for converting more of its domestic shares into freely tradable H shares in Hong Kong. The company intends to address regulatory queries promptly and will issue further updates on the progress of the conversion and listing process as required.

The company also confirmed that its current public float is about 22.58%, below the 25% minimum required under Hong Kong Listing Rules, and said its restoration plan is being carried out according to an existing timetable. Management has pledged to use its best efforts to restore the public float by 8 July 2026 and will provide monthly progress announcements until compliance is achieved, while warning investors to exercise caution as approvals and procedures remain outstanding.

The most recent analyst rating on (HK:2571) stock is a Hold with a HK$14.50 price target. To see the full list of analyst forecasts on Beijing Saimo Technology Co. Ltd. Class H stock, see the HK:2571 Stock Forecast page.

More about Beijing Saimo Technology Co. Ltd. Class H

Beijing Saimo Technology Co., Ltd. is a Hong Kong-listed joint stock company incorporated in mainland China and traded as H shares. The company operates within the technology and industrial sector, with its shares subject to Hong Kong Listing Rules governing public float and H-share full circulation arrangements.

Average Trading Volume: 52,273

Technical Sentiment Signal: Strong Buy

Current Market Cap: HK$1.84B

See more data about 2571 stock on TipRanks’ Stock Analysis page.