Blue Moon Group (06993): Use the minimum specified public shareholding level as a substitute for the threshold.
Blue Moon Group (06993) issued an announcement that according to rule 13.32B of the Listing Rules, the shares listed on The Stock Exchange of Hong Kong Limited must have a public market.
BLUE MOON GROUP (06993) announced that, according to Listing Rule 13.32B, shares listed on The Stock Exchange of Hong Kong Limited must have a public float. This generally means that a portion of the shares in a category listed on The Stock Exchange of Hong Kong Limited must be held by the public, either (1) at least 25% of the total number of issued shares of that category (excluding treasury shares), or at any lower minimum public float percentage as stipulated at the time of listing under Listing Rule 8.08(1); or (2) alternatively, (a) with a market value of at least HK$1 billion; and (b) at least 10% of the total number of issued shares of that category (excluding treasury shares) of the issuer (alternative threshold). Starting from January 1, 2026, the company has opted for the alternative threshold to comply with Listing Rule 13.32B, providing more flexibility for corporate transactions, capital management, and employee and management share incentive schemes for the group.
As of January 8, 2025, the last practicable date before the publication of this announcement, the market value of the public float of the company (calculated in accordance with Listing Rule 13.32A(3)) is HK$4.07 billion, which is not less than HK$1 billion, while the percentage of the public float on the last practicable date is approximately 20.21% of the total number of issued shares of the company. Therefore, the company complies with the alternative threshold requirement under Listing Rule 13.32B(2).
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