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Beijing Saimo Technology Co. Ltd. Class H ( (HK:2571) ) has shared an update.
Beijing Saimo Technology Co. Ltd. has disclosed that its current public float stands at approximately 22.58%, falling below the 25% minimum required under Hong Kong Listing Rules. The shortfall results from 3,226,200 H shares, or about 2.42% of its issued share capital, being held by BOCI Trustee under the company’s 2025 H Share Award Trust Scheme for eligible participants, with those ungranted shares not counted as part of the public float. The announcement details the composition of H-share ownership, including stakes held by China Mobile–related entities and other institutional investors classified as public, underscoring how the trust arrangement and shareholding structure have temporarily reduced the company’s free float and could draw regulatory attention until compliance is restored.
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 PRC-incorporated joint stock company listed in Hong Kong, issuing H shares to public investors under the Hong Kong Listing Rules. The company has implemented an H Share Award Trust Scheme, under which certain shares are held in trust for eligible participants who are non-core connected persons, affecting the classification of part of its share capital for public float purposes.
Average Trading Volume: 234,236
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$1.75B
See more insights into 2571 stock on TipRanks’ Stock Analysis page.