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Announcement - In relation to the matter of Rui Feng Group Holdings Company Limited (Incorporated in Cayman Islands with limited liability) (Stock code: 8312) Cancellation of listing

Regulatory
04 Jul 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

Rui Feng Group Holdings Company Limited
(Incorporated in Cayman Islands with limited liability)
(Stock code: 8312)

Cancellation of listing
 

The Stock Exchange of Hong Kong Limited (the “Exchange”) announces that with effect from 9:00 am on 9 July 2019, the listing of the shares of Rui Feng Group Holdings Company Limited (the “Company”) will be cancelled in accordance with GEM Listing Rules 9.14 and 9.15 on the ground that the Company did not submit a viable resumption proposal to demonstrate a sufficient level of operations or assets under GEM Rule 17.26 within a six-month period as required by the GEM Listing (Review) Committee (the “Delisting Procedures”).

 
The Exchange announces that the listing of the Company's shares will be cancelled with effect from 9:00 am on 9 July 2019 in accordance with the Delisting Procedures.

On 7 December 2018, the GEM Listing (Review) Committee decided to suspend trading in the Company's shares under GEM Rule 9.04 and proceed with delisting the Company under GEM Rule 9.14.  The Company was required to submit a resumption proposal to demonstrate a sufficient level of operations or assets under GEM Rule 17.26 within six months to avoid delisting.  Trading of the Company’s shares was suspended on 10 December 2018 as a result of the GEM Listing (Review) Committee’s decision.  The six-month period expired on 6 June 2019.  The Company has not submitted a viable resumption proposal. 

On 21 June 2019, the Listing Committee decided to cancel the listing of the Company's shares on the Exchange.  Accordingly, the Exchange will cancel the Company's listing with effect from 9:00 am on 9 July 2019.

The Exchange has notified the Company of its obligation under GEM Rule 9.17 to publish an announcement providing details of the Exchange's decision and the consequences to shareholders of the Company.

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

 

 

Ends

Updated 04 Jul 2019

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