---
title: "Wenzhou Kangning Targets September 2026 to Restore Hong Kong Public Float"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285545028.md"
description: "Wenzhou Kangning Hospital Co. (HK:2120) announced its public float is at 24.11%, below the Hong Kong Stock Exchange's 25% requirement. To address this, the company plans to convert 9.29 million domestic shares into H shares, potentially raising the float to 37.3%. If not completed by August 2026, they may request major shareholders to sell H shares to meet compliance by September 2026. Despite the shortfall, the company assures normal operations across its hospitals and subsidiaries."
datetime: "2026-05-07T11:31:23.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285545028.md)
  - [en](https://longbridge.com/en/news/285545028.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285545028.md)
---

# Wenzhou Kangning Targets September 2026 to Restore Hong Kong Public Float

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

Wenzhou Kangning Hospital Co. has disclosed that its public float stands at about 24.11%, below the Hong Kong Stock Exchange’s minimum 25% requirement, due largely to its current shareholding structure between domestic and H shares. The company stresses that its hospitals and subsidiaries remain in normal operation despite the shortfall.

To restore compliance, Wenzhou Kangning is pursuing a full circulation plan to convert 9.29 million domestic shares into H shares, which would lift the public float to roughly 37.3%, though the CSRC has not provided a clear filing timeline amid heavier workloads. If this process is not completed by August 2026, the company may ask major and non‑public shareholders to sell part of their H share holdings to independent investors, and it expects to meet the minimum public float requirement by September 2026 at the latest.

**More about Wenzhou Kangning Hospital Co**

Wenzhou Kangning Hospital Co., Ltd. operates in the healthcare sector, focusing on hospital services in China. The company is listed in Hong Kong with a share structure comprising domestic shares and H shares, and it emphasizes maintaining compliance with Hong Kong Stock Exchange listing requirements while continuing normal business operations across its subsidiaries.

**Average Trading Volume:** 5,945

**Current Market Cap:** HK$641.8M

For a thorough assessment of 2120 stock, go to TipRanks’ Stock Analysis page.

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