Gemlu International Development (06836.HK) announced that yesterday (3rd) it received calls from multiple named public shareholders expressing concern about the decision of the Listing Committee and supporting the review application. They requested the Stock Exchange to grant the newly appointed management a grace period of 18 months to address the issues that led to the suspension of trading of shares, and requested not to immediately withdraw the company's listing status to avoid harming the interests of public shareholders.
The announcement stated that named public shareholders requested the company, as well as regulatory and law enforcement agencies, to investigate suspected financial irregularities and take all necessary actions to hold wrongdoers accountable.
In response to Gemlu International Development's request, its shares have been suspended from trading on the Stock Exchange since March 26 this year. On April 12 this year, the Securities and Futures Commission, pursuant to Section 8(1) of the Securities and Futures (Stock Market Listing) Rules, directed the Stock Exchange to suspend all share trading from April 15 this year.