SEHK grants Noble Jewelry (HKG:0475) Waiver on Public Float

   Date:2012/01/13

Noble Jewelry Holdings Limited (HKG:0475) announced that the shareholding of Resources Rich Capital Limited and parties acting in concert with it in Noble Jewelry was increased to 79.86% at the close of the takeover offer. The remaining 20.14% of the total issued share capital of Noble Jewelry was held in public hands.

Based on the number of shares held in public hands as set out above, Resources Rich will have to dispose of at least 13.311 million shares it holds to public shareholders in order to restore the 25% public float requirement of Noble Jewelry as required under Rule 8.08(1) (a) of the Listing Rules. Accordingly, an application to the Stock Exchange for a waiver from strict compliance with the Listing Rules has been made by Noble Jewelry.

The Stock Exchange has agreed to grant the wavier to Noble Jewelry from 19 December 2011 to 18 March 2012. Noble Jewelry will issue further announcement when the minimum public float requirement is restored.



 

 

 

 

 

Source:chinesestock.org

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