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HKEX to Introduce Alternative Ongoing Public Float Threshold from 2026; Firms with Mkt Value HKD1B+ to Have Public Float Threshold Reduced to 10%
Recommend 4 Positive 11 Negative 5 |
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The Stock Exchange of Hong Kong under HKEX (00388.HK) published conclusions to its consultation on ongoing public float requirements. New ongoing public float requirements will come into effect on January 1, 2026. The main reform measures adopted include an alternative ongoing public float threshold. Issuers may choose to comply with an alternative threshold (instead of the percentage threshold prescribed at the time of listing) to maintain a public float representing (a) at least 10% of total issued shares in the listed class and a market value of over HKD1 billion, to have more flexibility to conduct transactions for capital management purposes (e.g. share repurchases). AAStocks Financial News |
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