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Sinohealth Holdings Ltd. ( (HK:2361) ) has issued an update.
Sinohealth Holdings Limited has disclosed that its public float currently stands at about 16.45% of issued share capital, below the 25% minimum level required under Hong Kong listing rules, largely due to concentrated holdings by major shareholders and shares set aside under its share award scheme. To bring the public float back into compliance, the company plans to complete the granting of remaining unawarded shares under its share award scheme within the next three years, and is also considering potential future equity financing to expand its share capital, while committing to provide regular updates to shareholders and cautioning investors about trading in its shares during this period.
More about Sinohealth Holdings Ltd.
Sinohealth Holdings Limited is a Hong Kong-listed company incorporated in the Cayman Islands and traded on the Main Board of the Stock Exchange of Hong Kong under stock code 2361. The company has implemented a share award scheme, using a professional trustee to administer share-based incentives as part of its capital and employee/participant incentive management strategy.
Average Trading Volume: 12,949
Technical Sentiment Signal: Buy
Current Market Cap: HK$2.23B
For a thorough assessment of 2361 stock, go to TipRanks’ Stock Analysis page.