LAI SUN DEV (00488) has issued an announcement stating that, based on available public information, the company's public float stands at 19.60% as of the date of this announcement. This figure remains below the 25% threshold required by the listing rules, which mandates that a quarter of the total issued share capital must be held by the public.

Furthermore, the company is evaluating various strategies to restore its public float, including but not limited to discussions with its connected persons regarding the potential sale of portions of their respective shareholdings.

The company anticipates achieving compliance with the public float requirement within a six-month period starting from the date of this announcement. It will adhere to the listing rules by making further announcements at the appropriate time to provide shareholders with additional details concerning the restoration of the public float.