Maxicity granted temporary HKEX waiver as public float falls to 8.50% following takeover

Bulletin Express

Aug 14

Maxicity Holdings Limited disclosed that its public float slid to 8.50% of issued share capital—far below the Hong Kong Stock Exchange’s (HKEX) 25% threshold—after GreenAir Energy Global Limited closed its general offer for the company on 13 August 2026. Only 33.98 million shares now remain in public hands.

To avert a breach of Listing Rule 13.32B(1), Maxicity applied for and received a waiver from HKEX on 14 August 2026. The exemption is valid until 14 September 2026, during which the company must restore compliance or risk withdrawal of the waiver.

The offeror, GreenAir Energy Global, plans to appoint a placing agent to dispose of sufficient shares in the open market to re-establish the 25% minimum free-float requirement “within a reasonable timeframe.” Maxicity stated it will issue further announcements once the public float has been restored.

Investors are urged to exercise caution when trading the shares until the float returns to regulatory standards.

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

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.0a0bd8dc.png","ogUrl":"https://www.itiger.com/news/1118809256"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1118809256\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1118809256?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-08-14 21:27","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1118809256","market":"hk","top_or_hot":-1,"title":"Maxicity granted temporary HKEX waiver as public float falls to 8.50% following takeover","media":"Bulletin Express","content":"<p>Maxicity Holdings Limited disclosed that its public float slid to 8.50% of issued share capital—far below the Hong Kong Stock Exchange’s (HKEX) 25% threshold—after GreenAir Energy Global Limited closed its general offer for the company on 13 August 2026. Only 33.98 million shares now remain in public hands.</p>\n<p>To avert a breach of Listing Rule 13.32B(1), Maxicity applied for and received a waiver from HKEX on 14 August 2026. The exemption is valid until 14 September 2026, during which the company must restore compliance or risk withdrawal of the waiver.</p>\n<p>The offeror, GreenAir Energy Global, plans to appoint a placing agent to dispose of sufficient shares in the open market to re-establish the 25% minimum free-float requirement “within a reasonable timeframe.” Maxicity stated it will issue further announcements once the public float has been restored.</p>\n<p>Investors are urged to exercise caution when trading the shares until the float returns to regulatory standards.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Maxicity granted temporary HKEX waiver as public float falls to 8.50% following takeover</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMaxicity granted temporary HKEX waiver as public float falls to 8.50% following takeover\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1053168898\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/ed558ed0402cbe7d1ef4d150458f2b2e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Bulletin Express </p>\n<p class=\"h-time\">2026-08-14 21:27</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Maxicity Holdings Limited disclosed that its public float slid to 8.50% of issued share capital—far below the Hong Kong Stock Exchange’s (HKEX) 25% threshold—after GreenAir Energy Global Limited closed its general offer for the company on 13 August 2026. Only 33.98 million shares now remain in public hands.</p>\n<p>To avert a breach of Listing Rule 13.32B(1), Maxicity applied for and received a waiver from HKEX on 14 August 2026. The exemption is valid until 14 September 2026, during which the company must restore compliance or risk withdrawal of the waiver.</p>\n<p>The offeror, GreenAir Energy Global, plans to appoint a placing agent to dispose of sufficient shares in the open market to re-establish the 25% minimum free-float requirement “within a reasonable timeframe.” Maxicity stated it will issue further announcements once the public float has been restored.</p>\n<p>Investors are urged to exercise caution when trading the shares until the float returns to regulatory standards.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"02295","symbol_name":"丰城控股","start_time":0,"source_url":"","article_id":"1118809256","we_media_id":"1053168898","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1118809256","pubTimestamp":1786714049,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Bulletin Express","introduction":"Full Coverage of HK & US Stock Announcements","home_visible":1,"id":"1053168898","head_image":"https://community-static.tradeup.com/news/ed558ed0402cbe7d1ef4d150458f2b2e"},"summary":"Maxicity Holdings Limited disclosed that its public float slid to 8.50% of issued share capital—far below the Hong Kong Stock Exchange’s (HKEX) 25% threshold—after GreenAir Energy Global Limited...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"02295":"丰城控股"},"translate_title":"收购后公众持股量降至 8.50%，Maxicity 获得港交所临时豁免","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"02295":1},"content_text":"Maxicity Holdings Limited disclosed that its public float slid to 8.50% of issued share capital—far below the Hong Kong Stock Exchange’s (HKEX) 25% threshold—after GreenAir Energy Global Limited closed its general offer for the company on 13 August 2026. Only 33.98 million shares now remain in public hands.\nTo avert a breach of Listing Rule 13.32B(1), Maxicity applied for and received a waiver from HKEX on 14 August 2026. The exemption is valid until 14 September 2026, during which the company must restore compliance or risk withdrawal of the waiver.\nThe offeror, GreenAir Energy Global, plans to appoint a placing agent to dispose of sufficient shares in the open market to re-establish the 25% minimum free-float requirement “within a reasonable timeframe.” Maxicity stated it will issue further announcements once the public float has been restored.\nInvestors are urged to exercise caution when trading the shares until the float returns to regulatory standards.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"-1","news_tag":"shareholding,SGX","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}