由于进行购回事项，已发行股份总数将于注销468.6万股购回股份后由16.04亿股减少至15.997亿股。因此，麦绍棠先生于公司的股权由购回事项前占已发行股份总数约74.97%增加至紧随购回事项后占已发行股份(不包括468.6万股待注销购回股份)总数约75.19%。Cct Fortis (00138) announced that on September 26, 2024, the company repurchased 468....
Zhìtōng Cáijīng APP News, Cct Fortis (00138) announced that on September 26, 2024, the company repurchased 4.686 million shares of the company's stock in the open market.
Mr. Ma Shaotang, Chairman, Executive Director and CEO of the company, along with Capital Force International Limited (Capital Force), Capital Winner Investments Limited (Capital Winner), and New Capital Industrial Limited (New Capital) collectively held 1.203 billion shares before the repurchase, equivalent to approximately 74.97% of the total issued shares before the repurchase. Capital Force, Capital Winner, and New Capital are respectively held by Mr. Ma Shaotang with 51% equity and his son Mr. Ma Junqiao with 49% equity. Therefore, under Chapter 571 of the Securities and Futures Ordinance of Hong Kong, Mr. Ma Shaotang is considered to have an interest in 1.203 billion shares.
As a result of the repurchase, the total issued shares will decrease from 1.604 billion shares to 1.5997 billion shares after canceling 4.686 million repurchased shares. Therefore, Mr. Ma Shaotang's equity in the company increased from approximately 74.97% of the total issued shares before the repurchase to approximately 75.19% immediately after the repurchase (excluding 4.686 million shares pending cancellation of repurchased shares).
Therefore, the repurchase resulted in the company's public shareholding decreasing from approximately 25.03% to approximately 24.81% (excluding 4.686 million shares pending cancellation of repurchased shares), below the 25% specified in Rule 8.08(1)(a) of the Listing Rules of the Hong Kong Stock Exchange. Due to an oversight by the company, the company failed to comply with (i) Rule 8.08(1)(a) which states that at all times, the issuer must have at least 25% of the total number of issued shares (excluding treasury shares) held by the public; and (ii) Rule 10.06(2)(f) which prohibits an issuer whose primary listing is on the Stock Exchange from repurchasing its own shares if such repurchase would result in public holding falling below the prescribed minimum percentage (determined by the Exchange at the time of its listing under Rule 8.08).
Pursuant to Rule 8.08(1)(b) of the Listing Rules, companies and Mr. Ma Shaotang undertake to take appropriate steps to ensure that the minimum percentage of shares held by the public is restored by November 15, 2024.
