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Hong Kong Bourse Grants Ban Loong Temporary Waiver of Public Float Requirement

MT Newswires ·  {{timeTz}}

02:45 AM EST, 01/26/2022 (MT Newswires) -- The Hong Kong Stock Exchange granted Ban Loong Holdings (HKG:0030) a temporary waiver of compliance with the 25% minimum public float requirement from Jan. 18 to April 18, according to a late Tuesday filing.

The money lending firm sought the waiver as only 21.44% of its total issued shares are now held by the public after Yunnan Baiyao's (SHE:000538) takeover bid for the company closed.

Yunnan Baiyao now owns 5,065,936,360 shares or a 78.56% stake in Ban Loong, a previous disclosure said.

Price (HKD): $0.30, Change: $0.00, Percent Change: 0.00%

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