G China Fin (00431) announced that on August 21, 2024, the company received a letter from the Hong Kong Stock Exchange...
According to the announcement, on August 21, 2024, G China Fin (00431) received a letter from the Hong Kong Stock Exchange, notifying the company of its decision that, in accordance with Rule 13.24 of the listing rules, the company has failed to maintain sufficient business operations and possess assets of substantial value to support its operation and enable its shares to remain listed. The trading of the company's shares will be suspended on September 2, 2024, unless the company applies to review the decision in accordance with 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, follow any resumption guidelines that the Hong Kong Stock Exchange may formulate, and fully comply with the listing rules to satisfy the Hong Kong Stock Exchange. Pursuant to Rule 6.01A(1) of the listing rules, if the shares remain suspended for 18 months, the Hong Kong Stock Exchange may cancel their listing status.