香港聯合交易所有限公司
(香港交易及結算所有限公司全資附屬公司)
THE STOCK EXCHANGE OF HONG KONG LIMITED
(A wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited)

ANNOUNCEMENT

In relation to the matter of Sanmenxia Tianyuan Aluminum Company Limited
(Stock Code: 8253)

Cancellation of listing

The Stock Exchange of Hong Kong Limited (the "Exchange") announces that with effect from 9:00 am on 10 September 2015, the listing of the H shares of Sanmenxia Tianyuan Aluminum Company Limited (the "Company") will be cancelled on the Exchange under GEM Listing Rule 9.14.

 

The Exchange announces that the listing of the Company's H shares will be cancelled with effect from 9:00 am on 10 September 2015 under GEM Listing Rule 9.14.

Trading in the Company's H shares has been suspended for over 3 years since 30 March 2012. On 25 October 2013, the Exchange proposed to exercise its rights under GEM Listing Rule 9.14 to cancel the listing of the Company's H shares on the Exchange. The Company was given a six-month period to submit a viable resumption proposal. If the Company failed to do so, the Exchange would cancel the Company's listing.

On 9 April 2014, the Company submitted a resumption proposal involving an acquisition of a mine in the PRC. On 30 May 2014, the GEM Listing Committee decided that the resumption proposal would constitute a reverse takeover subject to new listing requirements. It allowed the Company to submit a new listing application by 30 November 2014.

Subsequently, the Company terminated the acquisition. It failed to (i) submit a new listing application for the proposed acquisition within the deadline imposed by the GEM Listing Committee and (ii) demonstrate sufficiency of operations or assets as required under GEM Listing Rule 17.26. Therefore, the GEM Listing Committee decided on 23 January 2015 to cancel the listing of the Company’s H shares under GEM Listing Rule 9.14.

On 3 February 2015, the Company sought a review by the GEM Listing (Review) Committee on the delisting decision. On 24 April 2015, the GEM Listing (Review) Committee upheld the GEM Listing Committee's delisting decision. On 5 May 2015, the Company sought a further review by the Listing Appeals Committee on the delisting decision. On 27 August 2015, the Listing Appeals Committee decided to uphold the GEM Listing (Review) Committee's decision to cancel the Company's listing. Accordingly, the Exchange will cancel the Company’s listing with effect from 9:00 am on 10 September 2015.

The Exchange has notified the Company of its obligation under GEM Listing Rule 9.17 to publish an announcement providing details of the Exchange's decision and the consequences to shareholders of the Company.

The Exchange advises shareholders of the Company who have any queries about the implications of the delisting to obtain appropriate professional advice.

Ends