Liaoning Port (02880) has a public shareholding proportion below the required level, and the Hong Kong Stock Exchange has agreed to a transitional arrangement.
Liaohong Shares (02880) announced that as of the date of this announcement, the market value of the H-shares held by the public on the Stock Exchange is approximately HK$796 million, accounting for approximately 3.67% of the total number of issued H-shares of the Company (excluding treasury shares), which is still below the minimum public shareholding requirement stipulated in Listing Rule 19A.28B(2). The Company has been maintaining communication with shareholders and consulting professional advisors to actively seek feasible solutions to comply with the minimum public shareholding requirement as soon as possible.
Liaoning Port (02880) announces that as of the date of this announcement, the market value of the H shares of the company listed on the Stock Exchange and held by the public is approximately HK$796 million, representing approximately 3.67% of the total number of H shares of the company (excluding treasury shares), which is still below the minimum public float requirement as specified in Listing Rule 19A.28B(2).
The company has been in communication with shareholders and has engaged professional advisors to actively seek feasible solutions to promptly comply with the minimum public float requirement.
The company has made inquiries to the Stock Exchange regarding the current non-compliance with the minimum public float requirement, and the Stock Exchange has agreed to temporarily allow the company to maintain a transitional arrangement to restore the public float to comply with the minimum public float requirement. However, the company must actively seek feasible solutions during the transitional period to promptly comply with the minimum public float requirement.
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