SINOPHARM TECH's Free-Float Position Falls Slightly Below Regulatory Threshold
Stock News
Sep 16
SINOPHARM TECH (08156) has issued a statement revealing that its public float currently stands at approximately 24.95% as of today's date.
This development stems from an inadvertent oversight regarding the company's compliance with public float requirements. The current level falls short of the mandated 25.0% minimum public float threshold stipulated under Rule 17.37B(1) of the Rules Governing the Listing of Securities on the GEM of The Stock Exchange of Hong Kong Limited.
The company has acknowledged this shortfall, which represents a deviation of 0.05 percentage points from the regulatory minimum requirement.
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