CCT Fortis (HKG:0138) said its public float has been restored to meet the Hong Kong bourse's minimum 25% requirement which had fallen to 24.81% after a share purchase carried out on Sept. 26.
The investment holding company said its public float has been restored after Capital Force International cut its stake in the company by selling over 3.3 million shares to the public, representing 0.21% of the total issued shares of the company, according to a Wednesday Hong Kong bourse filing.
The public now holds around 25.01% of the company's total issued share capital.
The company's shares were up over 5% on Wednesday's close.
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