Lai Sun Dev Public Float Stands at 19.60%, Restoration Plan Targeted Within Six Months

Bulletin Express

Aug 05

Lai Sun Development Company Limited (Lai Sun Dev) reported that its public float is 19.60% as of 5 August 2026, remaining below the Hong Kong Listing Rules’ minimum requirement of 25%.

The board reiterated that it is exploring options to restore compliance, including potential disposals of shares held by connected persons. According to the company’s earlier statement on 6 July 2026, management aims to re-establish the required public float within six months of that date.

Lai Sun Dev will issue monthly progress updates until the public float meets regulatory standards. The company also advised shareholders and potential investors to exercise caution when dealing in its shares.

Chairman Lam Kin Ngok, Peter signed the announcement on behalf of the board. The board currently consists of four executive directors, one non-executive director and four independent non-executive directors.

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