Announcement – In relation to the matter of Bay Area Gold Group Limited (In Compulsory Liquidation) (Incorporated in the Cayman Islands and continued in Bermuda with limited liability) (Stock Code: 1194) Cancellation of listing
Regulatory
12 Mar 2024
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
Bay Area Gold Group Limited (In Compulsory Liquidation)
(Incorporated in the Cayman Islands and continued in Bermuda with limited liability)
(Stock Code: 1194)
Cancellation of listing
The Stock Exchange of Hong Kong Limited (the Exchange) announced that with effect from 9:00 am on 14 March 2024, the listing of the shares of Bay Area Gold Group Limited (In Compulsory Liquidation) (the Company) will be cancelled under Rule 6.01A(1).
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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 14 March 2024 under Rule 6.01A(1).
Trading in the Company’s shares has been suspended since 1 April 2022. Under Rule 6.01A(1), the Exchange may delist the Company if trading does not resume by 30 September 2023.
The Company failed to fulfill the resumption guidance set by the Exchange and resume trading in its shares by 30 September 2023. On 27 October 2023, the Listing Committee decided to cancel the listing of the Company’s shares on the Exchange under Rule 6.01A(1).
On 3 November 2023, the Company sought a review of the Listing Committee's decision by the Listing Review Committee. On 5 February 2024, 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 14 March 2024.
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