G China Fin (00431) announced that on August 21, 2024, the company received a letter from the Hong Kong Stock Exchange...
Zhitong Financial APP News, G China Fin (00431) announced that on August 21, 2024, the company received a letter from the Hong Kong Stock Exchange, notifying the company of its decision based on the Listing Rules Article 13.24, that the company has failed to maintain sufficient business operations and assets of substantial value to support its operations, allowing the company's shares to continue to be listed. The trading of the company's shares will be suspended on September 2, 2024, unless the company applies for a review of this decision under its rights under Chapter 2B of the Listing Rules.
According to the letter, the company must re-comply with Rule 13.24 of the Listing Rules, comply with any resumption guidelines that the Stock Exchange may formulate, and fully comply with the Listing Rules to satisfy the Stock Exchange. According to Rule 6.01A(1) of the Listing Rules, if the shares remain suspended for 18 months, the Stock Exchange may cancel their listing status.