| The Stock Exchange of Hong Kong Limited (the "Exchange") announces that with effect from 9:00 a.m. on 6 February 2017, the listing of the shares of Ruifeng Petroleum Chemical Holdings Limited (In liquidation) (the "Company") on the Exchange will be cancelled under GEM Listing Rule 9.14. |
The Exchange announces that the listing of the Company's shares will be cancelled with effect from 9:00 a.m. on 6 February 2017 under GEM Listing Rule 9.14.
Trading in the Company's shares has been suspended since 2 April 2013 as the Company has failed to publish the annual results for the year ended 31 December 2012 and subsequent periods.
On 23 October 2015, the Exchange proposed to exercise its rights under GEM Listing Rule 9.14 to cancel the Company's listing and gave the Company a period of 6 months to submit a viable resumption proposal. The Company submitted a resumption proposal before expiry of the six-month period. On 29 April 2016, the GEM Listing Committee considered the proposal not viable and decided to cancel the listing of the Company's shares.
On 10 May 2016, the Company sought a review by the GEM Listing (Review) Committee of the delisting decision. On 26 August 2016, the GEM Listing (Review) Committee upheld the GEM Listing Committee's decision to cancel the Company's listing. The Company then requested for a further review by the Listing Appeals Committee of the delisting decision. On 20 January 2017, the Listing Appeals Committee upheld the GEM Listing (Review) Committee's delisting decision. Accordingly, the Exchange will cancel the Company’s listing with effect from 9:00 a.m. on 6 February 2017.
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.
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