China Huajun outlines share issuance plan to restore minimum public float

China Huajun Group Limited ( (HK:0377) ) has provided an update.

China Huajun Group Limited has disclosed that its public float currently stands at about 15.68%, below the minimum threshold required under Hong Kong listing rules, and it remains focused on resolving this shortfall. The company expects the issue and allotment of scheme shares to creditors and a subscriber by around June 2026 to significantly dilute the controlling shareholder’s stake and expand the shareholder base, which should help restore compliance and improve market liquidity for its stock.

Upon completion of the planned share issuance, Huajun Group Limited’s holding is projected to fall from over 60% to about 45.29%, with new shares allocated to scheme creditors and an existing subscriber materially increasing the free float. Management has committed to providing monthly updates on its progress in restoring the public float, and has cautioned shareholders and potential investors to exercise care when trading the company’s shares during this transition period.

More about China Huajun Group Limited

China Huajun Group Limited is a Bermuda-incorporated company listed on the Hong Kong Stock Exchange. Through its subsidiaries, the group operates across diversified businesses, with its shares primarily held by controlling shareholder Huajun Group Limited and a relatively small free float among public investors.

Average Trading Volume: 37,476

Technical Sentiment Signal: Sell

Current Market Cap: HK$63.39M

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