Gelonghui 2 May (Minxin Group (00222)Baccaratdealer.HK) announcementBaccaratdealerThe company recently learned from the relevant disclosure of interests under part XV of the Securities and Futures Ordinance, Chapter 571 of the laws of Hong Kong that Fortune Wealth Management (Hong Kong) Limited purchased on April 25, 2024.Baccaratdealer2.Baccaratdealer, 100000 shares, while the company's principal shareholder (as defined in the listing rules), Mr. Han Guolong indirectly holds Fortune Wealth.
As (I) Fujian Investment Group holds approximately 59.53% interest in the company through Guixin and Samba and is the controlling shareholder of the company; (ii) Mr. Ye is an independent non-executive director; and (iii) Mr. Han holds approximately 15.51% interest in the company through its controlled corporation and is a substantial shareholder of the company, they are not regarded as members of the public under the listing rules. In view of the fact that they hold a total interest of about 75.18% in the company, the public shareholding of the company is about 24.82% as at the date of this announcement, which is below the minimum required percentage.
The management of the company is discussing with relevant parties possible measures to restore public shareholding. The company will issue an announcement on the resumption of public shareholding in due course.
