LIAONING PORT(02880.HK): Public Float Stands at Approximately 3.67%, Still Below Minimum Requirement; Actively Exploring Remedial Plans

NewTimeSpace · 2026/08/06 17:25 · By Zeyu Wu

NewTimeSpace News: Liaoning Port (02880.HK) announced that as at the date of the announcement, the market value of H‑shares held by the public and listed on HKEX amounted to approximately HK$755 million, representing about 3.67% of the total issued H‑shares of the class, still below the minimum public float requirement under the Listing Rules. The Company is actively pursuing feasible remedies including major shareholders’ H‑share disposals, H‑share seasoned offering and A‑share repurchase and cancellation. HKEX has agreed to grant a temporary transitional arrangement.

NewTimeSpace News: Liaoning Port (02880.HK) released an announcement on 6 August 2026 disclosing the latest status of its public float.

As set out in the announcement, as at the date of this announcement, the market value of H‑shares listed on HKEX and held by the public is around HK$755 million, accounting for approximately 3.67% of total issued H‑shares of the relevant class, which remains below the minimum public float requirement stipulated under Rule 19A.28B(2) of the Listing Rules.

The Company has been actively exploring feasible solutions to achieve compliance at the earliest practicable date. Workstreams include continuous communications with major H‑share shareholders, engagement of professional advisers such as securities firms and legal counsel, review of market precedents and monitoring updates to laws, regulations and policies. Potential remedies under study include facilitating major shareholders to sell H‑shares to the public, conducting seasoned offering of H‑shares to public investors, as well as repurchase and cancellation of A‑shares. No definite, feasible and effective plan has been finalised to date.

HKEX has approved a temporary transitional arrangement for the Company to restore public float. The Company will keep actively pursuing viable solutions within the transitional period.

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LIAONING PORT 02880.HK Public Float