China Shengmu - PF (01432): Hyundai Animal Husbandry Holdings is actively considering measures to restore the company's public shareholding

Zhitong Finance App News, China Shengmu - PF (01432) issued an announcement. As disclosed in the announcement, the directors of Hyundai Animal Husbandry Holdings have made joint and individual commitments to the Stock Exchange. They will take appropriate steps to ensure that the Company complies with section 13.32B of the listing rules as soon as possible.

The Company was informed that Hyundai Animal Husbandry Holdings is actively considering measures to restore the Company's public shareholding, including but not limited to on-market and off-market share sales. After the Company publishes its interim results for the six months ended June 30, 2026, depending on market conditions at the time, Hyundai Animal Husbandry Holdings will sell shares on the market and/or seek investors, and discuss and negotiate the terms and conditions of the sale of shares, with a view to restoring the company's public shareholding as soon as practicable.

After considering the past liquidity of the shares in the Stock Exchange of Hong Kong Limited, the estimated time required to find potential investors, and discuss and implement the relevant transaction terms and conditions, the Company was informed that according to data obtained by Hyundai Animal Husbandry Holdings, it is currently expected that the company's public shareholding will return to comply with section 13.32B of the Listing Rules by the end of June 2027.

Meanwhile, Hyundai Animal Husbandry Holdings and the Company will continue to explore other possible measures that could lead to the restoration of the Company's public shareholding, which may include (but are not limited to) issuing equity instruments that can be converted or exchanged for shares and/or share capital raising.

As long as the Company has not complied with section 13.32B (2) of the Listing Rules, the Company will abide by the relevant disclosure requirements under the Listing Rules and refrain from taking any action that could further reduce its public shareholding percentage, unless the Company can prove that there are special circumstances.