CMD/CSM: Partial Lapse of Start Great Voting Proxy Cuts CMD-Controlled Stake to 68.53%; CSM Still Faces Public Float Shortfall and Delisting Deadline

Bulletin Express

2 hours ago

China Modern Dairy Holdings Ltd. (CMD) and China Shengmu Organic Milk Limited (CSM) jointly announced that CMD has partially released the irrevocable voting proxy previously granted by Start Great Holdings Limited.

CMD determined that the proxy attached to 829.75 million CSM shares (9.90% of CSM’s issued capital) is no longer required for consolidation purposes. Consequently: • Start Great regains voting rights over 14.99% of CSM. • The proxy over 1.26 billion CSM shares (15.00%) remains in force. • CMD directly holds 4.49 billion CSM shares (53.53%) and, together with the remaining proxy shares, can vote 5.74 billion shares, equal to 68.53% of CSM’s total. • CMD and parties acting in concert control voting rights over 7.00 billion shares, or 83.52% of CSM.

Separately, CSM continues to record a Significant Public Float Shortfall under Rule 13.32F of the Hong Kong Listing Rules. If the company fails to restore the minimum public float by 2 February 2028, the Stock Exchange will cancel the listing of CSM shares. Shareholders and potential investors are urged to exercise caution when dealing in CSM shares.

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(CMD) and China Shengmu Organic Milk Limited (CSM) jointly announced that CMD has partially released the irrevocable voting proxy previously granted by Start Great Holdings Limited.</p>\n<p>CMD determined that the proxy attached to 829.75 million CSM shares (9.90% of CSM’s issued capital) is no longer required for consolidation purposes. Consequently:  \n• Start Great regains voting rights over 14.99% of CSM.  \n• The proxy over 1.26 billion CSM shares (15.00%) remains in force.  \n• CMD directly holds 4.49 billion CSM shares (53.53%) and, together with the remaining proxy shares, can vote 5.74 billion shares, equal to 68.53% of CSM’s total.  \n• CMD and parties acting in concert control voting rights over 7.00 billion shares, or 83.52% of CSM.</p>\n<p>Separately, CSM continues to record a Significant Public Float Shortfall under Rule 13.32F of the Hong Kong Listing Rules. If the company fails to restore the minimum public float by 2 February 2028, the Stock Exchange will cancel the listing of CSM shares. Shareholders and potential investors are urged to exercise caution when dealing in CSM shares.</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>CMD/CSM: Partial Lapse of Start Great Voting Proxy Cuts CMD-Controlled Stake to 68.53%; CSM Still Faces Public Float Shortfall and Delisting Deadline</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\">\nCMD/CSM: Partial Lapse of Start Great Voting Proxy Cuts CMD-Controlled Stake to 68.53%; CSM Still Faces Public Float Shortfall and Delisting Deadline\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\">2026-09-10 21:04</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>China Modern Dairy Holdings Ltd. (CMD) and China Shengmu Organic Milk Limited (CSM) jointly announced that CMD has partially released the irrevocable voting proxy previously granted by Start Great Holdings Limited.</p>\n<p>CMD determined that the proxy attached to 829.75 million CSM shares (9.90% of CSM’s issued capital) is no longer required for consolidation purposes. Consequently:  \n• Start Great regains voting rights over 14.99% of CSM.  \n• The proxy over 1.26 billion CSM shares (15.00%) remains in force.  \n• CMD directly holds 4.49 billion CSM shares (53.53%) and, together with the remaining proxy shares, can vote 5.74 billion shares, equal to 68.53% of CSM’s total.  \n• CMD and parties acting in concert control voting rights over 7.00 billion shares, or 83.52% of CSM.</p>\n<p>Separately, CSM continues to record a Significant Public Float Shortfall under Rule 13.32F of the Hong Kong Listing Rules. If the company fails to restore the minimum public float by 2 February 2028, the Stock Exchange will cancel the listing of CSM shares. Shareholders and potential investors are urged to exercise caution when dealing in CSM shares.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"01117","symbol_name":"现代牧业","start_time":0,"source_url":"","article_id":"1184181677","we_media_id":"1053168898","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1184181677","pubTimestamp":1789045453,"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":"China Modern Dairy Holdings Ltd. (CMD) and China Shengmu Organic Milk Limited (CSM) jointly announced that CMD has partially released the irrevocable voting proxy previously granted by Start Great...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"01117":"现代牧业"},"translate_title":"CMD/CSM：Start Great Voting Proxy 部分失效，将 CMD 控制的股份削减至 68.53%；CSM 仍面临公众持股量不足和退市最后期限","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"01117":1},"content_text":"China Modern Dairy Holdings Ltd. (CMD) and China Shengmu Organic Milk Limited (CSM) jointly announced that CMD has partially released the irrevocable voting proxy previously granted by Start Great Holdings Limited.\nCMD determined that the proxy attached to 829.75 million CSM shares (9.90% of CSM’s issued capital) is no longer required for consolidation purposes. Consequently:  \n• Start Great regains voting rights over 14.99% of CSM.  \n• The proxy over 1.26 billion CSM shares (15.00%) remains in force.  \n• CMD directly holds 4.49 billion CSM shares (53.53%) and, together with the remaining proxy shares, can vote 5.74 billion shares, equal to 68.53% of CSM’s total.  \n• CMD and parties acting in concert control voting rights over 7.00 billion shares, or 83.52% of CSM.\nSeparately, CSM continues to record a Significant Public Float Shortfall under Rule 13.32F of the Hong Kong Listing Rules. If the company fails to restore the minimum public float by 2 February 2028, the Stock Exchange will cancel the listing of CSM shares. Shareholders and potential investors are urged to exercise caution when dealing in CSM shares.","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"}}}