Contiocean Public Float Falls Below HKEX 25% Minimum Requirement

Reuters

Mar 04

Contiocean Public Float Falls Below HKEX 25% Minimum Requirement

ContiOcean Environment Tech Group Co. Ltd. said its public float has fallen to about 22.73%, below the 25% minimum required under Hong Kong Stock Exchange Listing Rule 19A.28B(1)(a), after 910,000 H shares held by a trustee for its 2025 restricted share scheme were deemed not part of the public float because they have not been granted. The company said it is considering steps to restore compliance, including progressing its plan to convert 30 million unlisted domestic shares into H shares via filings and approvals with China’s securities regulator, granting part of the restricted share awards, potential issuance of up to 1,775,500 H shares upon exercise of pre-IPO options by non-core connected persons, and possible future equity financing.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Contiocean Environment Tech Group Co. Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260304-12041107), on March 04, 2026, and is solely responsible for the information contained therein.

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Ltd. said its public float has fallen to about 22.73%, below the 25% minimum required under Hong Kong Stock Exchange Listing Rule 19A.28B(1)(a), after 910,000 H shares held by a trustee for its 2025 restricted share scheme were deemed not part of the public float because they have not been granted. The company said it is considering steps to restore compliance, including progressing its plan to convert 30 million unlisted domestic shares into H shares via filings and approvals with China’s securities regulator, granting part of the restricted share awards, potential issuance of up to 1,775,500 H shares upon exercise of pre-IPO options by non-core connected persons, and possible future equity financing.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n<i>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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ID: HKEX-EPS-20260304-12041107), on March 04, 2026, and is solely responsible for the information contained therein.</span></i>\n</p>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"02613","symbol_name":"汇舸环保","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260304:nNDL5SRXhd:1","article_id":"2616534075","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2616534075","pubTimestamp":1772624979,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"ContiOcean Environment Tech Group Co. Ltd. said its public float has fallen to about 22.73%, below the 25% minimum required under Hong Kong Stock Exchange Listing Rule 19A.28B, after 910,000 H shares held by a trustee for its 2025 restricted share scheme were deemed not part of the public float because they have not been granted. The company said it is considering steps to restore compliance, including progressing its plan to convert 30 million unlisted domestic shares into H shares via filings and approvals with China’s securities regulator, granting part of the restricted share awards, potential issuance of up to 1,775,500 H shares upon exercise of pre-IPO options by non-core connected persons, and possible future equity financing.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"02613":"汇舸环保","BK1183":"工业机械"},"translate_title":"Contiocean公众持股量低于港交所25%的最低要求","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"02613":0.9},"content_text":"Contiocean Public Float Falls Below HKEX 25% Minimum Requirement\n    \n\n        ContiOcean Environment Tech Group Co. Ltd. said its public float has fallen to about 22.73%, below the 25% minimum required under Hong Kong Stock Exchange Listing Rule 19A.28B(1)(a), after 910,000 H shares held by a trustee for its 2025 restricted share scheme were deemed not part of the public float because they have not been granted. The company said it is considering steps to restore compliance, including progressing its plan to convert 30 million unlisted domestic shares into H shares via filings and approvals with China’s securities regulator, granting part of the restricted share awards, potential issuance of up to 1,775,500 H shares upon exercise of pre-IPO options by non-core connected persons, and possible future equity financing.\n      \n\n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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