Honworld’s Public Float Falls Below Hong Kong Listing Threshold
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Honworld Group Ltd. has reported that its public float has fallen to 23.27%, below the 25% minimum required for Hong Kong-listed companies. This decline follows an increase in investor Mao Huixin’s stake to 10.09%. The company is now in breach of listing rules, prompting the board to consider measures such as share disposals or new share issuance to restore compliance. The latest analyst rating for Honworld Group Ltd. is a Sell, with a price target of HK$0.42.
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