INTERRA ACQ-Z(07801) has announced that, as disclosed in the previous announcement, the share redemption has already been...
According to the announcement from Zhitong Finance and Economics APP, INTERRA ACQ-Z(07801) has announced that, as disclosed in the previous announcement, the share redemption was completed on October 8, 2024. After the share redemption, the total number of shares issued by the company decreased from 0.125 billion shares to 35.985 million shares, resulting in an increase in the percentage of holdings by the remaining shareholders.
Based on the information disclosed to the company through the filing of interests under Part XV of the Securities and Futures Ordinance of Chapter 571 of the Hong Kong laws as of the date of this announcement, the company has noted changes in the list of major shareholders defined by the listing rules. Therefore, the company is aware that its public shareholding has reduced to approximately 11.00%, which is below the 25% of the total number of shares already issued as specified in Listing Rule 18B.05 and 8.08(1)(a).
As the percentage of public shareholding has decreased to below 15% after the share redemption, at the company's request, trading of company shares and listed subscription warrants on the Main Board of the Stock Exchange of Hong Kong will be temporarily suspended starting from 9:00 a.m. on November 1, 2024.
Since the decrease in public shareholding is not solely due to the share redemption, the company has applied to the Stock Exchange for an exemption from strict compliance with Listing Rules 18B.05 and 8.08(1)(a).
The company will take appropriate measures to comply with the relevant listing rules and will issue another announcement in due course.