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 China Agrotech Holdings Limited (In Liquidation)
(Stock Code: 1073)
Proceeding to third stage of delisting procedures
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The Stock Exchange of Hong Kong Limited (the "Exchange") places China Agrotech Holdings Limited (the "Company") into the third delisting stage today.At the end of the third delisting stage (i.e. 8 September 2016), if no viable resumption proposal is received, the Company’s listing will be cancelled.
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Trading of the Company's shares was suspended on 18 September 2014. At the end of the second delisting stage, the Company did not submit any resumption proposal to demonstrate it has sufficient operations or assets to warrant its continuing listing. Therefore, the Exchange places the Company into the third delisting stage today under Practice Note 17 to the Listing Rules.
The Company will have a final six months to provide a viable resumption proposal to demonstrate sufficient operations or assets as required under Rule 13.24 and to have the winding up petition against the Company withdrawn or dismissed and the provisional liquidators discharged.
The Company must also publish all outstanding financial results and address any audit qualifications.
At the end of the third delisting stage (i.e. 8 September 2016), if no viable resumption proposal is received, the Company’s listing will be cancelled. The Exchange will make a further announcement if the delisting takes place.
Ends