China Huajun Group Limited reported that, as of 9 April 2026, shares in public hands account for approximately 15.68%, remaining below the 25% minimum stipulated by Hong Kong Listing Rule 13.32B(1).
The board reiterated that the public-float shortfall is expected to be rectified through the allotment of new shares tied to its restructuring scheme. Adjudication of creditors’ claims under the Scheme is ongoing, and completion of the related share issuance is targeted for around June 2026.
Current shareholding totals 61.54 million shares, of which 73.63% is held by controlling shareholder Huajun Group Limited and its ultimate owner, Mr. Meng Guang Bao. Post-Completion of the debt restructuring but before issuing Scheme Shares, total issued shares will rise to 73.54 million, with Huajun Group’s stake diluted to 60.44%.
Following issuance of 24.60 million Scheme Shares, the company projects an enlarged share capital of 98.14 million shares. Huajun Group’s interest would then fall to 45.29%, while Scheme creditors, a designated subscriber, Ouke Group Holdings and other shareholders would collectively hold the remaining 54.71%. This structure is expected to lift the free float above the regulatory threshold.
The company will provide monthly updates until the public float is fully restored and advises shareholders and potential investors to exercise caution when trading its shares.
Comments