NWS Holdings Seeks Extension on Public Float Waiver

NWS Holdings (HK:0659) has released an update.

NWS Holdings has applied for an extension of a waiver from the Hong Kong Stock Exchange to remain below the required 25% public float following the close of NWS Offers. Despite issuing additional shares for a dividend scheme, the company’s public float is still below the minimum, prompting them to take measures to restore it as required by the Listing Rules. The outcome of the application and plans to increase the public float will be announced in due course.

For further insights into HK:0659 stock, check out TipRanks’ Stock Analysis page.