Wenzhou Kangning Moves to Restore Hong Kong Public Float via Share Conversion
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Wenzhou Kangning Hospital Co. (HK:2120) announced plans to restore its public float, currently at 24.11%, below the 25% minimum required by Hong Kong Listing Rules. The company will convert 9,286,359 domestic shares into H shares, increasing the public float to approximately 37.30%. The necessary filings are expected to be completed this month, with full circulation anticipated by March 2026. The hospital operates in the healthcare sector and is listed on the Hong Kong Stock Exchange, with a market cap of HK$683.9M.
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