Skymission Secures Temporary Waiver After Public Float Dips Below HKEX Threshold

Skymission Group Holdings Limited ( (HK:1429) ) has provided an announcement.

Skymission Group Holdings Limited has fallen marginally below the Hong Kong Stock Exchange’s minimum public float requirement after a recent share offer, leaving approximately 24.95% of its issued share capital in public hands versus the mandated 25%. To address this shortfall, the company applied for and obtained a temporary waiver from strict compliance with the rule, covering the period from 6 March 2026 to 3 April 2026, and has pledged to take steps to restore the float and keep investors informed.

The waiver, granted by the Stock Exchange on 17 March 2026, allows Skymission limited time to rectify its public float position while remaining listed, though the exchange retains the discretion to withdraw or amend the relief if circumstances change. The company and its offeror, Dacheng International Holdings Limited, are working on measures to bring the public float back to the required level as soon as practicable, and shareholders are urged to exercise caution when dealing in the shares during this transitional period.

The most recent analyst rating on (HK:1429) stock is a Hold with a HK$0.27 price target. To see the full list of analyst forecasts on Skymission Group Holdings Limited stock, see the HK:1429 Stock Forecast page.

More about Skymission Group Holdings Limited

Skymission Group Holdings Limited is a Cayman Islands-incorporated company listed on the Stock Exchange of Hong Kong under stock code 1429. The company has a board comprising executive, non-executive and independent non-executive directors, reflecting a typical Hong Kong-listed corporate governance structure, though its specific industry and core business activities are not described in the announcement.

Average Trading Volume: 10,920,538

Technical Sentiment Signal: Buy

Current Market Cap: HK$456M

See more data about 1429 stock on TipRanks’ Stock Analysis page.