Innovax Restores Minimum Public Float After Share Disposal
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Innovax Holdings Limited has restored its public float to the minimum 25% required by Hong Kong listing rules after a recent mandatory offer altered its shareholding structure. Following the disposal of 39,825 shares in the open market, public shareholding now stands at 15 million shares, stabilizing the company's market position and ensuring compliance with regulatory requirements. Innovax operates in the financial services sector, focusing on capital markets and corporate advisory activities in Hong Kong and the broader region.
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