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Announcement - In relation to the matter of China Taifeng Beddings Holdings Limited (Provisional Liquidators Appointed) (Stock Code: 873) Cancellation of listing

Regulatory
19 Feb 2019

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 Taifeng Beddings Holdings Limited
(Provisional Liquidators Appointed)
(Stock Code: 873)

Cancellation of listing

The Stock Exchange of Hong Kong Limited (the “Exchange”) announces that with effect from 9:00 am on 21 February 2019, the listing of the shares of China Taifeng Beddings Holdings Limited (the “Company”) will be cancelled. 

 

The Exchange announces that the listing of the Company’s shares will be cancelled with effect from 9:00 am on 21 February 2019.

Trading in the Company’s shares has been suspended since 26 February 2015.  On 5 July 2017, the Exchange published a delisting notice specifying a 6-month period within which the Company must remedy the matters rendering it unsuitable for listing to avoid delisting. 

The remedial period expired on 5 January 2018.  The Company did not remedy the matters rendering it unsuitable for listing.  Therefore, on 25 January 2018, the Listing Committee decided to cancel the listing of the Company’s shares.

On 5 February 2018, the Company sought a review of the Listing Committee’s decision by the Listing (Review) Committee.  On 4 June 2018, the Listing (Review) Committee upheld the decision of the Listing Committee to cancel the Company’s listing.  On 11 June 2018, the Company sought a further review by the Listing Appeals Committee on the delisting decision.  On 15 February 2019, the Listing Appeals Committee upheld the Listing (Review) Committee’s decision to cancel the Company’s listing.  Accordingly, the Exchange will cancel the Company’s listing with effect from 9:00 am on 21 February 2019.

The Exchange has requested the Company to publish an announcement on the cancellation of its listing.

The Exchange advises shareholders of the Company who have any queries about the implications of the delisting to obtain appropriate professional advice.

 

 

Ends

 

Updated 22 May 2020