UTS Marketing Solutions Holdings Ltd. has announced a significant regulatory development. The company has been granted a waiver by the Stock Exchange of Hong Kong from strict compliance with Rule 8.08(1)(a) and Rule 13.32(1) of the Listing Rules. This waiver is effective from 13 June 2025 to 13 September 2025. The company is working to restore the required minimum public float through steps including a Private Placement of 35,028,000 shares, facilitated by Emperor Securities Limited as the appointed placing agent. This waiver and the associated actions are aimed at ensuring compliance with listing regulations, with further announcements to be made as the process progresses.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.