SUNeVision Group (01686) has announced that on the date of this announcement (the conversion date), a total of 1,719,427,500 new fully paid shares were issued and allotted to the SHK PPT Group.
Following the completion of the conversion, as of the date of this announcement, the SHK PPT Group holds 3,450,150,000 shares, representing approximately 84.4736% of the total number of issued shares. Other core connected persons of the company hold 17,273,658 shares, representing approximately 0.4229% of the total issued shares, while the public holds 616,868,675 shares, representing approximately 15.1034% of the total issued shares.
Based on the volume-weighted average price of the shares over the 125 trading days immediately preceding the date of this announcement (HK$5.4021 per share), the market value of the shares held by the public as of the date of this announcement was approximately HK$3,332,386,269, while the market value of 10% of the total number of issued shares was approximately HK$2,206,375,561.
Accordingly, the company has satisfied the alternative threshold under Rule 13.32B of the Listing Rules on the conversion date. From the date of this announcement onward, the company will adopt the 10% alternative threshold instead of the initial prescribed threshold of 25% in order to comply with the minimum public float requirement stipulated under Rule 13.32B of the Listing Rules.
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