Shun Ho Property's Public Float Drops Below Regulatory Minimum
Stock News
Sep 10
Shun Ho Property Investments Ltd (HK: 00219) has announced that its public shareholding stands at approximately 22.59% as of the announcement date.
This level falls below the minimum threshold of 25% for public float as stipulated under Rule 13.32B of the Hong Kong Stock Exchange's Securities Listing Rules, representing a shortfall of about 2.41%.
According to the filing, the company noted the discrepancy and will presumably take steps to address the shortfall in compliance with the listing regulations.
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