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 3D-GOLD Jewellery Holdings Limited
(Provisional Liquidators Appointed)
(Stock Code: 870)
Cancellation of Listing
|
The Stock Exchange of Hong Kong Limited (the Exchange) announces that with effect from 9:00 am on 9 July 2012, the listing of the shares of 3D-GOLD Jewellery Holdings Limited (the Company) will be cancelled.
|
The Exchange announces that the listing of the shares of the Company will be cancelled with effect from 9:00 am on 9 July 2012 under the delisting procedures set out in Practice Note 17 to the Listing Rules (the Delisting Procedures). Practice Note 17 to the Listing Rules formalises the procedures adopted to delist long-suspended companies.
Trading in the Company’s shares has been suspended since 30 September 2008. Accordingly, dealings in the Company’s shares have effectively been suspended for over 3 years and 9 months.
The Company was put into the third stage of the Delisting Procedures on 1 December 2010. Under the Delisting Procedures, at the end of the third stage where no viable proposal has been received for resumption, the listing of the Company’s shares will be cancelled. The third stage has expired on 31 May 2011 but the Company failed to submit a viable resumption proposal to demonstrate that it has sufficient operations or assets under Listing Rule 13.24. Therefore, the Exchange will cancel the listing of the Company’s shares.
The Exchange has notified the Company of its obligation under paragraph 3.1 of Practice Note 17 to issue an announcement on the same day of this announcement informing the public of the cancellation of the listing of its shares.
The Exchange advises shareholders of the Company who have any queries about the implications of the delisting to obtain appropriate professional advice.
Ends