---
title: "Wenzhou Kangning Sets Timeline to Restore Hong Kong Public Float Compliance"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/282213956.md"
description: "Wenzhou Kangning Hospital Co. (HK:2120) announced that its public float is currently at 24.11%, below the 25% requirement for Hong Kong listings. To address this, the company plans to convert 9,286,359 domestic shares into H shares, potentially raising the public float to 37.30%. Compliance is expected to be restored by January 2027, despite delays from the CSRC. The company's operations remain normal during this process."
datetime: "2026-04-09T14:16:28.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/282213956.md)
  - [en](https://longbridge.com/en/news/282213956.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/282213956.md)
---

# Wenzhou Kangning Sets Timeline to Restore Hong Kong Public Float Compliance

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Wenzhou Kangning Hospital Co ( (HK:2120) ) has issued an announcement.

Wenzhou Kangning Hospital has disclosed that its public float currently stands at about 24.11%, below Hong Kong listing rules that require at least 25% of its issued shares to be held by the public. The company’s shares are divided between domestic and H shares, with key holdings by directors, related parties, and institutional investors, while repurchased H shares await cancellation.

To remedy the shortfall, the company has applied to convert 9,286,359 domestic shares into H shares, which would raise the public float to roughly 37.30% once full share circulation is completed. Progress has been delayed as the CSRC faces heavy workload and cannot give a clear filing timeline, but the company expects to restore compliance by January 2027 and reports that its business operations remain normal during this process.

**More about Wenzhou Kangning Hospital Co**

Wenzhou Kangning Hospital Co., Ltd. operates in the healthcare sector, focusing on hospital services in China and listing its shares on the Hong Kong Stock Exchange. The company issues both domestic shares and H shares, with a mix of public and non-public institutional and individual investors holding its equity.

**Average Trading Volume:** 4,865

**Current Market Cap:** HK$606.2M

Find detailed analytics on 2120 stock on TipRanks’ Stock Analysis page.

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