Gelonghui announced on November 17丨B & D STRATEGIC (01780.HK). The company was informed by the offeror that on November 17, 2023, the offeror had sold a total of 2,500 shares on the market (equivalent to about 0.004% of the total number of shares issued).
Following the completion of on-market sales, the offeror's equity in the company was reduced from 465,002,500 shares to 465,000,000 shares, accounting for 75.0% of the company's total issued share capital. As a result, the Company has reinstated the 25.0% minimum public shareholding required by Rule 8.08 (1) (a) of the Listing Rules.