根据该函件，公司必须重新符合上市规则第13.24条规定，履行联交所可能制定的任何复牌指引，并全面遵守上市规则以令联交所满意。根据上市规则第6.01A(1) 条，倘股份持续停牌18个月，联交所可取消其上市地位。G China Fin (00431) plunged nearly 90% in early trading, with a share price of only 1 Hong Kong cent. As of the time of writing, it has fallen by 87.18%, to 0.01 Hong Kong dollars, with a trading volume of 2.3483 million Hong Kong dollars.
According to the Intelligence Finance App, G China Fin (00431) plunged nearly 90% in early trading, with a share price of only 1 Hong Kong cent. As of the time of writing, it has fallen by 87.18%, to 0.01 Hong Kong dollars, with a trading volume of 2.3483 million Hong Kong dollars.
On the news front, G China Fin released an announcement stating that it had received a letter from the Stock Exchange of Hong Kong. According to Rule 13.24 of the Listing Rules, the company 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 company's shares will be suspended from trading on September 2, 2024. The group mentioned that a decision on whether to request a review of this decision has not yet been made, and the outcome of the review is uncertain.
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.
