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Announcement – In relation to the matter of Grand Peace Group Holdings Limited (Provisional Liquidators Appointed) (For Restructuring Purposes only) (Incorporated in Bermuda with limited liability) (Stock Code: 8108) Cancellation of listing

Regulatory
25 Aug 2021

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 
Grand Peace Group Holdings Limited
(Provisional Liquidators Appointed)
(For Restructuring Purposes only) 
(Incorporated in Bermuda with limited liability)
(Stock Code: 8108)

Cancellation of listing

The Stock Exchange of Hong Kong Limited (the Exchange) announced that with effect from 9:00 am on 27 August 2021, the listing of the shares of Grand Peace Group Holdings Limited (the Company) will be cancelled under GEM Rule 9.14A.

 

The Exchange announces that the listing of the Company's shares will be cancelled with effect from 9:00 am on 27 August 2021 under GEM Rule 9.14A.

Trading in the Company’s securities has been suspended since 1 April 2020. Under GEM Rule 9.14A, the Exchange may delist the Company if trading does not resume by 31 March 2021.

The Company failed to fulfill all resumption guidance set by the Exchange and resume trading in its securities by 31 March 2021. On 30 April 2021, the GEM Listing Committee decided to cancel the listing of the Company’s shares on the Exchange under GEM Rule 9.14A. 

On 10 May 2021, the Company sought a review of the GEM Listing Committee’s decision by the GEM Listing Review Committee. On 16 August 2021, the GEM Listing Review Committee upheld the decision of the GEM Listing Committee to cancel the Company’s listing. Accordingly, the Exchange will cancel the Company’s listing with effect from 9:00 am on 27 August 2021.

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 16 Dec 2021