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Lai Sun Development Co ( (HK:0488) ) just unveiled an update.
Lai Sun Development Company Limited has disclosed that its current public float stands at 19.60%, below the 25% minimum required by the Hong Kong Listing Rules, and remains non-compliant as of 4 February 2026. The company is exploring measures to restore compliance, including potential disposals of shares by connected persons, and has committed to issuing monthly updates until the public float is brought back to the required threshold, while cautioning shareholders and potential investors to exercise care when dealing in its shares.
The most recent analyst rating on (HK:0488) stock is a Hold with a HK$0.60 price target. To see the full list of analyst forecasts on Lai Sun Development Co stock, see the HK:0488 Stock Forecast page.
More about Lai Sun Development Co
Lai Sun Development Company Limited is a Hong Kong-listed conglomerate with interests spanning property investment and development, hospitality and related businesses. Its shares are traded on the Main Board of the Hong Kong Stock Exchange under stock code 488, and its shareholder base includes connected persons whose holdings materially affect the company’s public float level.
Average Trading Volume: 1,495,266
Technical Sentiment Signal: Sell
Current Market Cap: HK$959.2M
For detailed information about 0488 stock, go to TipRanks’ Stock Analysis page.