MAXICITY (02295.HK): Offeror Places 33.98 Million Shares, Restoring Minimum Public Float of 25%
- The Placing was effected up to 10 September 2026, pursuant to which the Offeror disposed of the Offer Shares to independent third parties.
- The announcement referred to three earlier documents: the composite offer and response document jointly published on 23 July 2026, the joint announcement dated 13 August 2026 on the results of the offer and the public float of the Company, and the Company's announcement dated 14 August 2026 on the grant of a waiver from strict compliance with the minimum public float requirement.
- The announcement was issued by order of the Board and signed by Mr. Sieh Shing Kee, Chairman of the Company.
NewTimeSpace News: On 14 September 2026, Maxicity Holdings Limited (stock code: 02295.HK) announced that it has been informed that, in order to restore the Company's public float, as at 10 September 2026, the Offeror, GreenAir Energy Global Limited, had disposed of a total of 33,980,000 Offer Shares to independent third parties through a placing, representing approximately 8.50% of the total number of issued Shares (the "Placing"). Accordingly, the corresponding 33,980,000 Shares were held by the public.
Immediately after the Placing and as at the date of this announcement, the total number of Shares held by the public was 100,000,000 Shares, representing 25% of the total number of issued Shares. Accordingly, the minimum public float requirement of 25% of the total number of issued Shares of the Company under Rule 13.32B(1) of the Listing Rules has been restored.
The announcement also referred to three earlier documents of the Offeror and the Company: the composite offer and response document in relation to the offer jointly published on 23 July 2026; the joint announcement dated 13 August 2026 in relation to, among other things, the results of the offer and the public float of the Company; and the Company's announcement dated 14 August 2026 in relation to the grant of a waiver from strict compliance with the minimum public float requirement.
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