CHINA NEXT-GEN (03928): Restores Public Float Requirement

Stock News
Oct 06

CHINA NEXT-GEN (03928) announced that the company has been informed that in order to restore the company's minimum public float, on September 26, 2025, the offeror Wanjiang Capital Limited sold a total of 6,000 shares to independent third parties in the open market, representing approximately 0.001% of the company's total issued share capital. As a result, the corresponding 120 million shares are held by public shareholders. Following the aforementioned transaction and as of the date of this announcement, the total number of shares held by public shareholders is 120 million shares, representing 25.00% of the company's total issued share capital. Therefore, the company's minimum public float has been restored to 25% of the total issued shares as required under Rules 8.08(1)(a) and 13.32(1) of the Listing Rules.

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