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Tick Tock Travel - PF (02559): Public shareholding is expected to resume before the end of May 2027
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According to Zhitong Finance App News, Tick Tock Travel - PF (02559) issued an announcement. After considering the past liquidity of shares in the Hong Kong Stock Exchange Limited, the current market price of shares, the expected time required to appoint placement agents, identify potential investors, discuss and implement relevant transaction terms and conditions, and the expected time required to obtain shareholders' approval to adopt a share award scheme in accordance with Chapter 17 of the Listing Rules, it is currently expected that the company's public shareholding will resume before the end of May 2027 to comply with section 13.32B of the listing rules.

Meanwhile, the offeror and the company will continue to explore other possible measures to facilitate the restoration of the company's public shareholding, which may include (but not limited to) the sale of shares by the offeror on the market and off-market. As long as the company still fails to comply with section 13.32B (2) of the listing rules, the company will comply with the relevant disclosure requirements under the listing rules and refrain from taking any action that may further reduce its public shareholding percentage, unless the company can prove that there are special circumstances.

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