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