Announcement - In relation to the matter of Heng Xin China Holdings Limited (Incorporated in Bermuda with limited liability) (Stock code: 8046) Cancellation of listing
Regulatory
26 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
Heng Xin China Holdings Limited
(Incorporated in Bermuda with limited liability)
(Stock code: 8046)
Cancellation of listing
The Stock Exchange of Hong Kong Limited (the “Exchange”) announces that with effect from 9:00 am on 2 July 2019, the listing of the shares of Heng Xin China Holdings 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 within a six-month period as required by the GEM Listing (Review) Committee (the “Delisting Procedures”).
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The Exchange announces that the listing of the Company’s shares will be cancelled with effect from 9:00 am on 2 July 2019 in accordance with the Delisting Procedures.
On 26 November 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 27 November 2018 as a result of the GEM Listing (Review) Committee’s decision. The six-month period expired on 25 May 2019. The Company has not submitted a viable resumption proposal.
On 14 June 2019, the Listing Committee decided to cancel the listing of the Company’s shares on the Exchange.
The Exchange advises shareholders of the Company who have any queries about the implications of the delisting to obtain appropriate professional advice.
Ends