China Huarong Gets Temporary HKEX Waiver Over Listing Rules
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China Huarong Asset Management Co. said it has been granted a temporary waiver from strict compliance with Hong Kong Stock Exchange listing rules regarding the size of its public float.
The company is mulling listing and circulating domestic shares that can be transferred into H shares later, to restore the public float to at least 25%, it said in a Nov. 21 stock exchange statement.