Share spread draws warning

PUBLISHED : Wednesday, 24 August, 1994, 12:00am
UPDATED : Wednesday, 24 August, 1994, 12:00am


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THE Stock Exchange of Hong Kong has told Asean Resources Holdings it is concerned that less than 25 per cent of the company's shares are held by the public and given it until September 23 to rectify the situation.

Asean Resources admitted that Central Lot Ltd and Gwent Corp, both subsidiaries of Huey Tai International Ltd, were holding 534.5 million and 7.56 million shares, representing 74.21 per cent and 1.05 per cent respectively of its scrip.

This leaves less than the 25 per cent available to the public as set down by the rules of listing of securities.