Quali-Smart Moves to Restore Public Float After Takeover Tightens Free Float

The latest announcement is out from Quali-Smart Holdings Ltd. ( (HK:1348) ).

Quali-Smart Holdings has disclosed that its public float currently stands at approximately 24.87%, below the 25% minimum required under Hong Kong Listing Rules, after Yael Capital Management Limited, Chairman Liu Chong and their concert parties accumulated about 75.13% of the company’s issued shares. The company has applied for a temporary waiver to restore compliance by 29 March 2026 and plans to support a placing of up to 5 million shares to independent investors, or alternatively disposals in the open market, while committing to monthly updates to keep shareholders informed of progress in rebuilding sufficient market float.

The proposed placing is expected to be agreed with an agent by the end of February and completed around 13 March 2026, which would marginally increase the public float and move the company closer to regulatory thresholds without significantly diluting the controlling shareholder’s position. Until the float is restored, trading in the shares remains under regulatory scrutiny, and the company’s plan signals an effort to balance compliance with maintaining control structure, a key concern for both minority investors and the market regulator.

The most recent analyst rating on (HK:1348) stock is a Hold with a HK$0.18 price target. To see the full list of analyst forecasts on Quali-Smart Holdings Ltd. stock, see the HK:1348 Stock Forecast page.

More about Quali-Smart Holdings Ltd.

Quali-Smart Holdings Limited, incorporated in the Cayman Islands and listed in Hong Kong under stock code 1348, operates as an investment holding company. It is overseen by a board chaired by executive director Liu Chong, with additional executive and independent non-executive directors providing governance for its listed operations.

Average Trading Volume: 9,187,666

Technical Sentiment Signal: Buy

Current Market Cap: HK$274.2M

For an in-depth examination of 1348 stock, go to TipRanks’ Overview page.