Core Viewpoint - The company, 滉达富控股 (01348), is currently facing a public float issue, with only 24.87% of its shares held by the public, below the minimum requirement of 25% as per listing rules [1] Group 1 - The offeror, Mr. Liu, and his concert parties collectively hold 1.108 billion shares, representing approximately 75.13% of the company's total issued share capital [1] - The company has applied to the Stock Exchange for a temporary waiver to comply with the listing rules, aiming to restore the minimum public float within two months after the offer closes, specifically by March 29, 2026 [1] - The company is in discussions with a placement agent to allocate up to 5 million shares, equivalent to about 0.33% of the total issued share capital, to independent subscribers [1] Group 2 - The agreement with the placement agent is expected to be finalized by the end of February 2026, with the completion of the placement anticipated around March 13, 2026 [1] - If the placement does not occur within the waiver period, the offeror plans to sell shares in the open market through the Stock Exchange to restore the minimum public float [1]
滉达富控股公众持股量约为24.87%