In relation to the matter of Peregrine Investments Holdings Limited
(in liquidation)
Cancellation of listing
In accordance with the delisting procedures
stipulated in Practice Note 17 to the Exchange Listing Rules
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The Exchange announces that on July 13, 1999 , the listing of the shares of Peregrine Investments Holdings Limited (in liquidation) will be cancelled in accordance with the delisting procedure stipulated in Practice Note 17 to the Exchange Listing Rules. Pursuant to the Delisting Procedure, at the end of the third stage i.e. by July 12, 1999 , the Company has not put forward a valid proposal for resumption. Therefore, the Exchange will cancel the listing of the Company's shares.
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The Exchange announces that on July 13, 1999, the listing of the shares of the Company will be cancelled in accordance with the Delisting Procedure stipulated in Practice Note 17 to the Exchange Listing Rules. Practice Note 17 formalises the procedures to be adopted in dealing with long suspended companies.
Dealing in the shares of the Company has been suspended since January 7, 1998. A winding up petition was presented against the Company on January 13, 1998. Therefore, the Company's shares have effectively been suspended for over 18 months. Since its suspension, the Company has not been able to implement a valid proposal for resumption.
The Company has been in the third stage of the Delisting Procedure since January 12, 1999. Pursuant to the Delisting Procedure, at the end of the third stage, where no proposals have been received for resumption, the listing will be cancelled. The Company has not submitted a valid resumption proposal by July 12, 1999 i.e. at the end of the third stage. Therefore, the Exchange will cancel the listing of the Company on July 13, 1999.
Corporate Communications Department