According to Zhito Finance APP, Global M Hldg (08063) announced that on October 7, 2024, the company received a letter from the Stock Exchange, notifying the company of its decision that the company failed to maintain sufficient business operations and have substantially valuable assets to support its operations for the continued listing of its shares unless the company applies for a review of this decision in accordance with Chapter 4 of the GEM Listing Rules, the trading of the shares will be suspended on October 18, 2024 according to Rule 9.04(3) of the GEM Listing Rules.

According to the letter, before the resumption of trading of the shares, the company must comply again with Rule 17.26 of the GEM Listing Rules, meet any resumption guidelines that the Stock Exchange may formulate, and fully comply with the GEM Listing Rules in a manner acceptable to the Stock Exchange. According to Rule 9.14A(1) of the GEM Listing Rules, if trading is suspended for 12 consecutive months, the Stock Exchange may delist the shares.