CR Beverage (the Hong Kong-listed China Resources Beverage (Holdings) Company Limited) has switched to the Listing Rules’ Alternative Threshold for minimum public float following directors’ on-market purchase of 162,800 shares on 27 March 2026.
The acquisition caused the proportion of shares deemed to be held by the public to slip fractionally below the company’s Initial Prescribed Threshold of 16.60%, a level set when the group listed with a waived float requirement lower than the standard 25%. As directors’ holdings are excluded from the public float calculation, the revision reduced the publicly held stake to about 16.597% of total issued shares.
Under Rule 13.32B(2) of the Hong Kong Listing Rules, an issuer may instead comply through the Alternative Threshold if its public float (a) is at least 10% of issued shares and (b) has a market value of no less than HK$1.00 billion. As of the latest practicable date (27 March 2026), CR Beverage’s public-float stake was valued at HK$4.15 billion, comfortably above the monetary requirement, while its 16.597% free-float ratio exceeded the 10% parameter.
The board confirmed that the company therefore meets the Alternative Threshold and remains compliant with the Stock Exchange’s public-float regulations. CR Beverage will continue to observe the disclosure obligations stipulated under Rule 13.32D.
Shareholders and prospective investors are urged to exercise caution when trading the company’s shares.
Comments