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Hong Kong: UMP’s public float falls to 16.7%

Hong Kong-headquartered healthcare services company UMP Healthcare has announced that the public float of the company has fallen below the minimum prescribed percentage of 25% of the total issued share capital.

In May, the Securities and Futures Commission warned about the concentration of the shareholding in UMP Healthcare in a small number of shareholders.

In a statement to the stock exchange, UMP said that the public float of the company now stands at around 16.7%.

“The company undertakes to procure that appropriate steps will be taken to ensure restoration of the minimum prescribed percentage as soon as reasonably practicable in accordance with the listing rules,” it said, though it admitted that it has not yet determined any definitive proposal.

Posted on: 12/09/2017 UTC+08:00


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