JOLIMARK (02028.HK) +0.040 (+2.105%) announced that Kent C. McCarthy has acquired an additional 1.15 million shares in the company and thereby increasing his interest in the company from approximately 9.95% to 10.14%. He then became a substantial shareholder of the company .
His interest when aggregated with the shareholding interest of Kytronics, the controlling shareholder of the company holding approximately 66.72% interest in the company, is approximately 76.86% of the company’s total issued share capital. Accordingly, the company’s public float has fallen below the required 25% level.
The company is considering steps to restore the public float of the company. Further announcement will be made by the company on the restoration of public float as and when appropriate.
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