Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
(Stock Code: 1125)
ANNOUNCEMENT IN RELATION TO PUBLIC FLOAT
The board of directors ("Board" and "Directors", respectively) of Lai Fung Holdings Limited ("Company") announces that, as at the date of this announcement, the public float of the Company is approximately 24.77%, which has fallen below 25% of the total issued share capital of the Company held by the public ("Minimum Prescribed Percentage") as prescribed by Rule 8.08(1)(a) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited ("Listing Rules").
To the best knowledge, information and belief of the Directors, as at the date of this
announcement, the shareholding structure of the Company is as follows: | ||
Approximate | ||
Number of | percentage of | |
shares of the | the total issued | |
Company | share capital of | |
Shareholders | ("Shares") | the Company |
(Note 1) | ||
Lai Sun Development Company Limited ("LSD") | 182,318,266 | 55.08% |
(Note 2) | ||
Other core connected persons of the Company | 2,303,520 | 0.70% |
CapitaLand LF (Cayman) Holdings Co., Ltd. | 64,400,000 | 19.45% |
Public shareholders | 82,011,657 | 24.77% |
Total | 331,033,443 | 100.00% |
Notes:
- The total number of issued Shares as at the date of this announcement (331,033,443 Shares) has been used in the calculation of the approximate percentage.
- These Shares are held as to 180,600,756 Shares by Holy Unicorn Limited and 1,717,510 Shares by Transtrend Holdings Limited, both being wholly-owned subsidiaries of LSD.
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The Company is considering steps to restore the public float of the Company to the Minimum Prescribed Percentage in accordance with the Listing Rules. Further announcement(s) will be made by the Company on the restoration of public float as and when appropriate.
Shareholders of the Company and potential investors are advised to exercise caution when dealing in the Shares.
By order of the Board
Lai Fung Holdings Limited
Chew Fook Aun
Chairman
Hong Kong, 21 April 2021
As at the date of this announcement, the Board of the Company comprises seven Executive Directors, namely Mr. Chew Fook Aun (Chairman), Mr. Lam Kin Hong, Matthew (Executive Deputy Chairman), Mr. Lam Hau Yin, Lester (Chief Executive Officer) (also alternate to Madam U Po Chu), Madam U Po Chu and Messrs. Cheng Shin How, Lee Tze Yan, Ernest and Tham Seng Yum, Ronald; and five Independent Non-executive Directors, namely Messrs. Lam Bing Kwan, Ku Moon Lun, Law Kin Ho, Mak Wing Sum, Alvin and Shek Lai Him, Abraham.
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Lai Fung Holdings Limited published this content on 21 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 April 2021 09:25:07 UTC.