ALLAN INT'L (00684.HK): Public Float Remains Below 25%, Core Related Parties Plan to Reduce Holdings to Fill Gap
ALLAN INT'L announced on January 8 that its public float is approximately 24.04%, still below the 25% minimum requirement set by the Hong Kong Listing Rules. The announcement also disclosed the shareholding structure, with core related parties collectively holding over 75% of the shares. Currently, the company is in discussions with core related parties to reduce their respective shareholdings in order to restore the public float to a compliant level, and the relevant discussions are still ongoing.
NewTimeSpace News:ALLAN INT'L (00684.HK) updated its public float status through an announcement on January 8, 2026, showing that the proportion of public holdings still fails to meet the requirements of the Listing Rules. According to the announcement, as of that date, the company's public float was approximately 24.04%, which has not yet satisfied the 25% minimum public float requirement stipulated in Rule 8.08(1)(a) of the Hong Kong Listing Rules.
Regarding the shareholding structure, the announcement detailed the core holdings: Conyers Trustee Services (BVI) Limited is the largest shareholder with a 46.34% stake; Mr. Zhang Shuwen holds 14.05%; Mr. Webb and Ms. Webb collectively hold 13.24% through relevant companies; and other core related parties jointly hold approximately 2.33%. The total shareholding of the aforementioned core related parties and relevant individuals exceeds 75%.
Addressing the issue of insufficient public float, the board of directors of ALLAN INT'L stated that it is discussing with core related parties the sale of part of their respective holdings to restore the public float to a compliant level.
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