RIVERINE CHINA (01417.HK): Public Float Falls to 23.85%, Below the 25% Minimum; Restoration Expected Within 6 Months

NewTimeSpace News: On 7 September 2026, Riverine China Holdings Limited (stock code: 01417) announced that as of the date of the announcement, the company's public float was approximately 23.85%, below the 25% minimum level required under Rule 13.32B of the Listing Rules.

According to the announcement, the Board learned on 4 September 2026 that 8,218,000 shares held by the trustee of the share award scheme, representing approximately 2.03% of the total issued share capital, should not be regarded as held by the public, resulting in the shortfall. In terms of shareholding structure, Yomi.sun Holding Limited holds 55.04%, Lucky Yang Limited holds 19.08%, the trustee holds 2.03%, and public shareholders hold 23.85%, out of 405,000,000 issued shares in total.

The company stated that it is considering various options to restore the public float, including but not limited to procuring the trustee to sell its shares and/or issuing new shares to the public. It expects to restore the public float within 6 months from the date of the announcement, with further announcements to be published under the Listing Rules in due course.

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