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Lai Fung Holdings ( (HK:1125) ) just unveiled an update.
Lai Fung Holdings said its operations have remained normal since the resumption of trading in its shares in November 2022, but its public float currently stands at about 14.76%, below the 25% level required under Hong Kong listing rules. The company plans to continue talks with controlling shareholders, core connected persons and financial advisers to restore compliance, and will issue monthly updates on its public float status and adhere to other applicable listing requirements, while cautioning investors to exercise care when dealing in its shares.
The most recent analyst rating on (HK:1125) stock is a Sell with a HK$1.00 price target. To see the full list of analyst forecasts on Lai Fung Holdings stock, see the HK:1125 Stock Forecast page.
More about Lai Fung Holdings
Lai Fung Holdings Limited is a Hong Kong-listed company engaged in property-related businesses through its subsidiaries. The group focuses on maintaining normal operations while its shares trade on the Stock Exchange of Hong Kong, with a shareholder base that includes controlling shareholders and a mix of executive and independent non-executive directors.
Average Trading Volume: 17,295
Technical Sentiment Signal: Sell
Current Market Cap: HK$357.5M
For a thorough assessment of 1125 stock, go to TipRanks’ Stock Analysis page.