Shandong Fengxiang Restores Public Float, Resumes Trading

Shandong Fengxiang Co., Ltd. Class H (HK:9977) has released an update.

Shandong Fengxiang Co., Ltd. has successfully restored its public float to over 25%, fulfilling the Hong Kong Stock Exchange’s Resumption Guidance, thus paving the way for the resumption of trading in its H Shares. This restoration was achieved through the completion of share subscriptions and sales, as well as the issuance of new shares under the 2023 Share Award Scheme. With these steps, the company has addressed the issues following the public float’s fall below the required threshold after an offer closure earlier in the year.

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