Liaoning Port (2880) Provides Update on Public Float Compliance

Bulletin Express
Yesterday

Liaoning Port Co., Ltd. (2880) announced that, as of the date of the announcement, the market value of its publicly held H shares is approximately HK$810.00 million, representing about 3.67% of the total issued H shares (excluding treasury shares). This figure remains below the relevant minimum public float requirement set out in the Listing Rules. The company has been in communication with its shareholders and consulting professional advisors to explore feasible solutions for regaining compliance as soon as possible.

The Stock Exchange has agreed that transitional arrangements may be maintained on a temporary basis while the company works to restore its public float. Liaoning Port will publish monthly updates until the minimum public float requirement is fulfilled. Shareholders and potential investors are advised to exercise caution when dealing in the company’s shares.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10