Allan International Holdings Limited (HK:0684) has released an update.
Allan International Holdings Limited has notified that its public float has dropped to 24.27%, which is below the Hong Kong Stock Exchange’s minimum requirement of 25%. The decrease in public float is primarily due to an increase in shareholding by Mr. Webb David Michael, who now owns approximately 13.01% of the company. The company is actively exploring options to increase its public float to comply with the Listing Rules.
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