Quali-Smart Restores Public Float After Share Placing by Controlling Shareholder
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Quali-Smart Holdings Ltd. has restored its public float on the Hong Kong Stock Exchange after its controlling shareholder, Yael Capital Management, placed 5,000,000 shares to independent investors. Post-transaction, Yael Capital holds 74.79% of the company, while the public owns 25.21%, ensuring compliance with Rule 13.32B. This move stabilizes the company's listing status and alleviates concerns over potential sanctions. The latest analyst rating for Quali-Smart (HK:1348) is a Hold with a price target of HK$0.19.
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