THE STOCK EXCHANGE OF HONG KONG LIMITED
(A wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited)
In relation to the matter of
Asia Coal Limited
(Incorporated in Bermuda with limited liability)
(Stock Code: 835)
Cancellation of listing
|The Stock Exchange of Hong Kong Limited (the “Exchange”) announces that with effect from 9:00am on 18 June 2019, the listing of the shares of Asia Coal Limited (the “Company”) will be cancelled in accordance with the delisting procedures under Practice Note 17 of the Listing Rules.
The Exchange announces that the listing of the Company’s shares will be cancelled with effect from 9:00am on 18 June 2019 in accordance with the delisting procedures under Practice Note 17 of the Listing Rules.
Trading of the Company’s shares was suspended on 3 October 2017 because the Company failed to maintain sufficient operations or assets under Rule 13.24. The Exchange placed the Company into the first, second and third delisting stage under Practice Note 17 of the Listing Rules on 3 October 2017, 23 March 2018 and 18 October 2018, respectively. Before expiry of the third delisting stage on 17 April 2019, the Company submitted a resumption proposal to the Exchange. On 31 May 2019, the Listing Committee considered the resumption proposal not viable and therefore decided to cancel the Company’s listing under Practice Note 17 to the Listing Rules.
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.