ALLAN INT'L (00684): Public Float at Approximately 24.04%

Stock News
Jan 16

ALLAN INT'L (00684) announced that, based on the Board of Directors' knowledge, information, and belief, the company's public float stood at approximately 24.04% as of the date of this announcement. This figure remains below the minimum required percentage of 25% stipulated by Rule 8.08(1)(a) of the Listing Rules. The Board has engaged in discussions with the company's core connected persons, exploring the potential sale of portions of their respective shareholdings. Given the recent severe volatility in the Hong Kong stock market and the uncertain global economic outlook, the company and its core connected persons require additional time to identify potential investors. The Board is considering the appointment of a financial advisor to seek advice on any other feasible solutions for restoring the company's public float. The company anticipates finalizing the appointment by April 2026 and expects to restore the public float by August 2026.

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