Honworld Restores Minimum Public Float After Stake Sale by Former Substantial Shareholder

Honworld Group Ltd. ( (HK:2226) ) has shared an announcement.

Honworld Group Limited has adjusted its shareholder structure after Mr. Mao, previously a substantial shareholder, disposed of 600,000 shares, reducing his interest to about 9.99% of the company. His remaining 57,821,500 shares, held directly and through Meridian Harvest, are now treated as part of the public float rather than as a substantial block.

Following this change, Honworld’s public shareholders now hold 193,080,900 shares, or approximately 33.36% of its issued share capital. This restores compliance with the Hong Kong Listing Rules, which require a minimum public float of 25%, removing a regulatory overhang that had arisen from an earlier public float shortfall and stabilising the company’s listing status for investors.

The most recent analyst rating on (HK:2226) stock is a Sell with a HK$0.34 price target. To see the full list of analyst forecasts on Honworld Group Ltd. stock, see the HK:2226 Stock Forecast page.

More about Honworld Group Ltd.

Honworld Group Limited is a Cayman Islands-incorporated company listed on the Hong Kong Stock Exchange under stock code 2226. The group operates through its subsidiaries, with its shareholder base including both controlling and public investors in the Hong Kong capital market. Its shares are subject to Hong Kong Listing Rules on minimum public float requirements. The board comprises executive, non-executive and independent non-executive directors.

Average Trading Volume: 73,090

Technical Sentiment Signal: Sell

Current Market Cap: HK$228.6M

For detailed information about 2226 stock, go to TipRanks’ Stock Analysis page.