Zitong Financial App NewsletterHaixin Group (01850)In the announcement, the board of directors was informed by the joint offeror (Great Season Ventures Limited, Lianteng Group Limited, Ren Guisheng) that the joint offeror had sold all 30001 accepted shares (approximately 0.004% of the total issued share capital of the Company as at the date of this announcement) to an independent third party through the bonded Securities as the placing agent on October 19, 2021. He has no connection with the Company, directors, chief executives, substantial shareholders or any of their respective subsidiaries or any of their respective contacts And has nothing to do with the joint offeror or the person acting in concert with the joint offeror.
Immediately following the completion of the placing and as at the date of this announcement, 200 million shares (equivalent to 25% of the total issued share capital of the Company) are held by the public. As a result, the company's public shareholding has been restored to not less than 25% of its total issued share capital, that is, the minimum public shareholding required by rule 8.08 (1) (a) of the listing rules.