SHUNHO PROPERTY (00219.HK): Public Float 22.59%; Discloses Restoration Plan

NewTimeSpace News: On 30 October 2026, Shun Ho Property Investments Limited (stock code: 00219) announced the latest status of its public float. As of the date of the announcement, the company's public float represented about 22.59% of the total issued shares, approximately 2.41 percentage points below the 25% minimum requirement under the Listing Rules.

The company disclosed a plan to restore its public float, including reducing the shareholding of a Shun Ho Holdings subsidiary from 54.42% to 52.01% (equivalent to 13,960,624 shares), reducing the independent investor's shareholding from 10.93% to 9.99% or below (equivalent to at least 5,449,681 shares), and, if necessary, issuing new shares to independent third parties under a general mandate granted at the annual general meeting.

The announcement noted that, given the scale of the proposed disposals, the discount of the share price to net asset value and the low trading volume, the relevant shareholders need time to assess the commercial and practical impact. The company aims to restore its public float no later than the end of the first quarter of 2027, and will publish monthly announcements on its public float status until restored.