Wenzhou Kangning Hospital Flags Temporary Shortfall in Public Float, Expects Compliance by March 2026
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Wenzhou Kangning Hospital Co. has reported a public float of 24.11%, below the 25% requirement for Hong Kong listings. This shortfall is due to share repurchases and delays in regulatory approvals for converting domestic shares to H shares. The company anticipates compliance by March 2026, raising the public float to approximately 37.3%. Despite this temporary deficiency, Wenzhou Kangning's business operations remain unaffected. The hospital focuses on psychiatric and mental health services in China, addressing the growing demand in the healthcare market.
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