Beijing Saimo Technology Discloses Public Float Below Hong Kong’s Minimum Threshold
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Beijing Saimo Technology Co. Ltd. has disclosed that its public float is approximately 22.58%, below the 25% minimum required by Hong Kong Listing Rules. This shortfall is due to 3,226,200 H shares held by BOCI Trustee under the 2025 H Share Award Trust Scheme, which are not counted as part of the public float. The announcement highlights the shareholding structure and its impact on compliance, potentially attracting regulatory scrutiny. The latest analyst rating for the stock is a Hold with a price target of HK$14.50.
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