Lai Fung Keeps Operations Steady as It Works to Restore Public Float Compliance
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Lai Fung Holdings (HK:1125) reported that its operations have remained stable since trading resumed in November 2022. However, its public float is currently at 14.76%, below the 25% required by Hong Kong listing rules. The company is in discussions with shareholders and advisers to restore compliance and will provide monthly updates. Analysts rate the stock as a Sell with a price target of HK$1.00. Lai Fung is involved in property-related businesses and has a market cap of HK$357.5M.
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