TWINTEK has restored its public shareholding and met the resumption guidelines, resuming trading this morning
I'm LongbridgeAI, I can summarize articles.TWINTEK announced the resumption of public shareholding and has met the resumption guidelines, having applied to the Stock Exchange for the resumption of share trading starting from 9 AM today. Trading of shares has been suspended since December 17 of last year. Chairman Liu Chuang completed a placement of approximately 110 million shares through a placement agent, reducing the shareholding ratio from 77.66% to 63.75%, while the public shareholding increased from 11.09% to 25%, in compliance with the requirements of Listing Rule 13.32B
According to a report from Economic Information Agency on the 8th, TWINTEK (06182) announced that it has restored the public float and met the resumption guidelines, and has applied to the Stock Exchange to resume trading of its shares starting from 9:00 AM today.
The group stated that trading of its shares has been suspended since December 17 of last year, and the chairman and executive director Liu Chuang completed the placement of approximately 110 million shares to no less than 6 placees through the placement agent yesterday. Liu Chuang's shareholding has decreased from 77.66% to 63.75%, while the public float has increased from 11.09% to 25%, meeting the minimum public float requirement under Listing Rule 13.32B. (wh)