China Huajun Details Share Restructuring Plan to Restore Public Float

China Huajun Group Limited ( (HK:0377) ) has shared an announcement.

China Huajun Group Limited has disclosed that its current public float stands at about 15.68%, which is below the minimum requirement under Hong Kong listing rules, leaving the company under regulatory pressure to broaden its shareholder base. The group has outlined an expected timetable under its restructuring scheme whereby the adjudication of scheme creditors’ claims is ongoing and the issue and allotment of new scheme shares are targeted for completion around June 2026, a process that should significantly dilute the controlling shareholder’s stake and increase the public float.

Upon completion of the planned share subscription and the issue of scheme shares, the total number of issued shares is projected to rise from 61.5 million to about 98.1 million, reducing Huajun Group Limited’s holding from over 72% to about 45% and boosting the stakes of creditors, a new subscriber and other investors. The company has committed to continue publishing monthly updates on its progress in restoring compliance with public float requirements and has cautioned shareholders and potential investors to exercise care when trading its shares during this transition period.

The most recent analyst rating on (HK:0377) stock is a Hold with a HK$0.91 price target. To see the full list of analyst forecasts on China Huajun Group Limited stock, see the HK:0377 Stock Forecast page.

More about China Huajun Group Limited

China Huajun Group Limited, incorporated in Bermuda and listed in Hong Kong under stock code 377, operates through a group structure with Huajun Group Limited as its controlling shareholder. The company’s shares are relatively concentrated in the hands of its major shareholder and related parties, with the remainder held by a mix of institutional and other public investors on the Hong Kong market.

Average Trading Volume: 6,938

Technical Sentiment Signal: Sell

Current Market Cap: HK$58.47M

Learn more about 0377 stock on TipRanks’ Stock Analysis page.