Sundart (HKG:1568) said its public float stood at about 24.26% as of March 3, remaining below the minimum requirement under Hong Kong listing rules, according to a Tuesday bourse filing.
Shares of the firm were down over 8% in Wednesday morning trade.
The company said it is considering options to restore the public float, including issuing new shares to independent investors.
Sundart expects to finalise and announce a restoration plan in the first half of 2026 and aims to restore the public float to the required level before the end of the third quarter of 2026, subject to regulatory approvals and market conditions.
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