Interra Acquisition's (HKG:7801) public float fell to 11% following the company's share redemption completed on Oct. 8, and the trading in the shares of the company has been suspended since Friday at the request of the company, a Friday Hong Kong bourse filing said.
As the public float fell below the required 25% of the total issued shares due to the share redemption, the company has applied for a waiver from strict compliance with the relevant regulations from the Stock Exchange.
The company plans to take the required measures to comply with the rules.
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