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 Gold-Face Holdings Limited
(Stock Code: 396)
Cancellation of listing
in accordance with Practice Note 17 to the
Rules Governing the Listing of Securities on
The Stock Exchange of
Hong Kong
Limited (the Listing Rules)
The Stock Exchange of Hong Kong Limited (the Exchange) announces that the listing of the shares of Gold-Face Holdings Limited (the Company) will be cancelled with effect from 9:30 a.m. on 20 September 2006 in accordance with the delisting procedures stipulated in Practice Note 17 to the Listing Rules (the Delisting Procedures). Practice Note 17 to the Listing Rules formalises the procedures to be adopted to delist long-suspended companies.
Dealings in the Company’s shares have been suspended since 19 May 2003. Accordingly, dealings in the Company’s shares have effectively been suspended for over 40 months.
The Company was put into the third stage of the Delisting Procedures on 4 August 2004. Pursuant to the Delisting Procedures, at the end of the third stage which in the case of the Company was 3 February 2005 (the Deadline), where no viable proposals have been received for resumption, the listing of the Company’s shares will be cancelled. Following the suspension in trading in the Company’s shares and before the Deadline, a resumption proposal was submitted to the Exchange. However, the Exchange decided that the resumption proposal was not viable. By the end of the Deadline, the Company has failed to provide a viable proposal for resumption.
The Exchange has notified the Company of its obligation under paragraph 3.1 of Practice Note 17 to issue an announcement informing the public of the cancellation of the listing of its shares on the same day of this announcement.
The Exchange advises shareholders of the Company who have any queries about the implications of the delisting to obtain appropriate professional advice.