Announcement - In relation to the matter of Ding He Mining Holdings Limited (Incorporated in Hong Kong with limited liability) (Stock Code: 705) Proceeding to third stage of delisting procedures
Regulatory
20 Jun 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
Ding He Mining Holdings Limited
(Incorporated in Hong Kong with limited liability)
(Stock Code: 705)
Proceeding to third stage of delisting procedures
The Stock Exchange of Hong Kong Limited (the “Exchange”) places Ding He Mining Holdings Limited (the “Company”) into the third delisting stage today. If no viable resumption proposal is received by the end of the third delisting stage (ie 19 December 2019), the Company’s listing will be cancelled.
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Trading in the Company’s shares has been suspended since 3 April 2018. On 25 May 2018, the Exchange decided to place the Company into the first delisting stage under Practice Note 17 to the Listing Rules because the Company was unable to maintain sufficient operations or assets required under Rule 13.24.
The Exchange placed the Company into the second delisting stage on 28 November 2018. At the end of the second delisting stage on 27 May 2019, the Company did not provide any resumption proposal. Therefore, the Exchange has decided to place the Company into the third delisting stage under Practice Note 17 to the Listing Rules.
The Company will have final six months to provide a viable resumption proposal to demonstrate sufficient operations or assets as required under Rule 13.24.
The Company must also:
| (a) |
publish all outstanding financial results and address any audit qualifications; and
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| (b) |
inform the market of all material information.
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If no viable resumption proposal is received by the end of the third delisting stage (ie 19 December 2019), the Company’s listing will be cancelled. The Exchange will make a further announcement if the delisting takes place.
Ends