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Announcement – In relation to the matter of CW Group Holdings Limited (In Provisional Liquidation) (Incorporated in the Cayman Islands with limited liability) (Stock Code: 1322) Cancellation of listing

Regulatory
08 Oct 2020

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
CW Group Holdings Limited (In Provisional Liquidation) 
(incorporated in the Cayman Islands with limited liability)
(Stock Code: 1322)

Cancellation of listing

The Stock Exchange of Hong Kong Limited (the “Exchange”) announced that with effect from 9:00 am on 12 October 2020, the listing of the shares of CW Group Holdings Limited (In Provisional Liquidation) (the “Company”) will be cancelled under Rule 6.01A.

 

The Exchange announces that the listing of the Company's shares will be cancelled with effect from 9:00 am on 12 October 2020 under Rule 6.01A.

Trading in the Company’s securities has been suspended since 11 July 2018. Under Rule 6.01A, the Exchange may delist the Company if trading does not resume by 31 January 2020.

The Company failed to fulfil all the resumption guidance set by the Exchange and resume trading in its securities by 31 January 2020. On 7 February 2020, the Listing Committee decided to cancel the listing of the Company’s shares on the Exchange under Rule 6.01A.

On 14 February 2020, the Company sought a review of the Listing Committee’s decision by the Listing Review Committee. On 5 October 2020, the Listing Review Committee upheld the decision of the Listing Committee to cancel the Company’s listing. Accordingly, the Exchange will cancel the Company’s listing with effect from 9:00 am on 12 October 2020.

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 08 Oct 2020