According to a recent company announcement, Lai Sun Development (HKEX: 00488) has reported its current public shareholding level. As of the date of the announcement, the public float is at 19.60%.

This figure remains below the 25% minimum threshold mandated by listing rules, which requires that a quarter of the company's total issued share capital be held by the public.

The company is actively evaluating options to restore its public float to the required level. These measures may include, but are not limited to, discussions with connected persons of the company regarding the potential sale of a portion of their respective shareholdings.

Management anticipates that the necessary steps to restore the public shareholding percentage will be taken within a six-month period from the announcement date.