Sprocomm Intelligence (HKG:1401) said at least 25% of its issued shares were in the public's hands as of Nov. 7, and as of the filing date, the company is able to comply with the 25% public float rule, a Tuesday Hong Kong bourse filing said.
The manufacturer and seller of mobile phones and printed circuit board assemblies responded to the results of the Securities and Futures Commission's inquiry into the company's shareholding, which showed that a few shareholders held 91% of the company's issued shares.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.