Honworld’s Public Float Falls Below Hong Kong Listing Threshold

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

Honworld Group Limited has disclosed that its public float has dropped to about 23.27% of its issued share capital, below the 25% minimum required for Hong Kong-listed companies, after investor Mao Huixin’s stake rose to roughly 10.09%. With more than half the company’s shares held by Wuxing City Investment HK Company Limited and additional large blocks in the hands of other core connected parties, the reduced public float puts Honworld in technical breach of listing rules, prompting the board to consider measures such as share disposals by connected persons and/or new share issuance to the public in order to restore compliance, with further updates to be announced.

The most recent analyst rating on (HK:2226) stock is a Sell with a HK$0.42 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. While this announcement does not detail its business activities, the group operates through a shareholding structure dominated by state-linked Wuxing City Investment HK Company Limited and institutional investors, with its shares publicly traded under stock code 2226.

Average Trading Volume: 31,206

Technical Sentiment Signal: Sell

Current Market Cap: HK$295.2M

See more data about 2226 stock on TipRanks’ Stock Analysis page.