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
DBA Telecommunication (Asia) Holdings Limited
(Stock Code: 3335)
Cancellation of listing
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The Stock Exchange of Hong Kong Limited (the “Exchange”) announces that with effect from 9:00 am on 30 November 2020, the listing of the shares of DBA Telecommunication (Asia) Holdings Limited (the “Company”) will be cancelled under Rule 6.04 of the Listing Rules.
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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 30 November 2020 under Rule 6.04 of the Listing Rules.
Trading of the Company’s shares was suspended on 6 June 2013 pending release of a clarification announcement on certain press releases. Subsequently, the Company failed to publish audited annual results for the year ended 31 December 2012 and did not have sufficient level of operation and assets under Rule 13.24. The Exchange placed the Company into the first, second and third delisting stage under Practice Note 17 to the Listing Rules on 15 January 2015, 28 July 2015 and 9 March 2016, respectively.
Before expiry of the third delisting stage on 8 September 2016, the Company submitted a resumption proposal to the Exchange which involved, among others, an acquisition of a target which constituted a reverse takeover under the then Rule 14.06(6)(a). On 13 November 2020, the Listing Committee considered that the Company has not taken adequate action to submit the new listing application for the target, fulfil all the resumption conditions and resume trading as required under Rule 6.04. Hence, we consider it appropriate for the Exchange, as it is entitled, to cancel the Company’s listing under Rule 6.04.
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