Tian Ge Clarifies Public Float Status After Takeover Offer Completion

The latest announcement is out from Tian Ge Interactive Holdings ( (HK:1980) ).

Tian Ge Interactive Holdings has clarified the classification of 500,000 shares held by Xinshow Limited, a nominee to the trustee of its 2024 Share Scheme, stating that these shares should be treated as being held by public shareholders under Hong Kong Listing Rules. Following the close of a takeover offer by Truesense Trading Limited, the company’s shareholding structure now shows major stakes held by chairman Mr. Fu, Sina, and various executive directors, with public shareholders holding approximately 20.85% of the issued share capital and additional scheme-related shares reserved for future and vested awards. The clarification on public float and share-scheme holdings is significant for confirming the company’s compliance with minimum public float requirements and provides greater transparency to investors regarding ownership concentration and the treatment of incentive scheme shares in the free float calculation.

The most recent analyst rating on (HK:1980) stock is a Hold with a HK$0.72 price target. To see the full list of analyst forecasts on Tian Ge Interactive Holdings stock, see the HK:1980 Stock Forecast page.

More about Tian Ge Interactive Holdings

Tian Ge Interactive Holdings Limited is a Hong Kong–listed company incorporated in the Cayman Islands, operating in the internet and interactive entertainment sector. Its business typically involves online social and interactive platforms, supported by equity incentive schemes such as share award and restricted share unit plans aimed at attracting and retaining key employees in a competitive digital services market.

Average Trading Volume: 4,001,465

Technical Sentiment Signal: Buy

Current Market Cap: HK$791.5M

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