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Lai Fung Holdings ( (HK:1125) ) has provided an announcement.
Lai Fung Holdings has confirmed that its business operations have remained normal since trading in its shares resumed in November 2022, and its board composition continues to include a mix of executive and independent non-executive directors. The company remains listed on the Hong Kong Stock Exchange and is subject to its continuing obligations.
The company disclosed that its current public float stands at 14.76%, below the 25% minimum required under Hong Kong Listing Rules, leaving it non-compliant with Rule 13.32B. Lai Fung said it is in discussions with controlling shareholders, core connected persons and financial advisers to restore the public float as soon as practicable, and will issue monthly updates while also complying with other applicable Listing Rule requirements, warning shareholders and potential investors to exercise caution when dealing in its shares.
More about Lai Fung Holdings
Lai Fung Holdings Limited is a Hong Kong-listed company engaged in property-related businesses through its subsidiaries. It operates within the real estate sector and continues to run its normal operations following the resumption of trading in its shares in November 2022.
Average Trading Volume: 21,113
Technical Sentiment Signal: Sell
Current Market Cap: HK$317.8M
For an in-depth examination of 1125 stock, go to TipRanks’ Overview page.