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 Mitsumaru East Kit (Holdings) Limited
(Stock Code: 2358)
Proceeding to third stage of delisting procedures
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The Stock Exchange of Hong Kong Limited (the Exchange) places the Company in the third delisting stage today. The Exchange intends to cancel the listing after the six-month period (i.e. 4 June 2013) if the Company does not provide a viable resumption proposal.
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Trading of the Company’s shares was suspended on 14 February 2008.
The resumption proposal (the Proposal) submitted by the Company at the second delisting stage will involve transactions that will constitute a reverse takeover under the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited (the Rules) and therefore will be subject to the Exchange’s new listing requirements. However, the Company has not submitted a new listing application.
Therefore, the Exchange has decided to place the Company in the third delisting stage today under Practice Note 17 to the Rules.
The Company will have a final six months to provide a viable resumption proposal which should, among others, comply with all applicable requirements under the Rules, in particular Rule 13.24 on sufficiency of operations or assets.
The Exchange intends to cancel the listing after the six-month period (i.e. 4 June 2013), if the Company fails to provide a viable resumption proposal. The Exchange will make a further announcement if the delisting takes place.
Ends