According to the Zhitong Finance App, Junqiu Holdings (01481) issued an announcement. Following the offer deadline and the deadline, after completing the transfer of the offered shares purchased under the offer to the offeror (which have received valid acceptance), members of the public will hold 1157 million shares, which is equivalent to about 11.35% of the company's total issued share capital as of the announcement deadline.
As a result, the company did not meet the minimum public shareholding requirement of section 8.08 (1) (a) of the Listing Rules. The company therefore applied to the Stock Exchange for a temporary exemption from strict compliance with sections 8.08 (1) (a) and 13.32 (1) of the listing rules for the period from June 20, 2023 to July 31, 2023 (the exemption period).
On July 7, 2023, the Stock Exchange granted the company a temporary exemption from strictly complying with the minimum public shareholding requirements of section 8.08 (1) (a) and 13.32 (1) of the listing rules during the exemption period, but only after the company discloses the relevant exemptions through the publication of this notice. Furthermore, trading of the company's shares continues to be suspended.