THE STOCK EXCHANGE OF HONG KONG LIMITED
(A wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited)
In relation to the matter of Pan Sino International Holding Limited
(Stock Code: 502)
Cancellation of listing
in accordance with Practice Note 17 to the
Rules Governing the Listing of Securities on
The Stock Exchange of Hong Kong Limited (the Listing Rules)
The Stock Exchange of Hong Kong Limited (the Exchange) announces that the listing of the shares of Pan Sino International Holding Limited (In Liquidation) (the Company) will be cancelled with effect from 9:00 a.m. on 19 September 2011 in accordance with the delisting procedures stipulated in Practice Note 17 to the Listing Rules (the Delisting Procedures). Practice Note 17 to the Listing Rules formalises the procedures to be adopted to delist long-suspended companies.
Dealings in the Companys shares have been suspended since 30 April 2007. Accordingly, dealings in the Companys shares have effectively been suspended for over four years.
The Company was placed into the third stage of the Delisting Procedures on 18 August 2010. Under the Delisting Procedures, the Company is required to submit a viable resumption proposal at least 10 business days (as defined in the Listing Rules) before the expiry of the six-month period for the third stage. If the Company has not submitted a viable resumption proposal as required, the Exchange will cancel the listing of the Companys shares. The Company submitted a resumption proposal to the Exchange prior to expiry of the third stage. However, the Exchange determined that the Companys proposal was not viable. Therefore, the Exchange will cancel the listing of the Companys shares.
The Exchange has notified the Company of its obligation under paragraph 3.1 of Practice Note 17 to issue an announcement informing the public of the cancellation of the listing of its shares on the same day of this announcement.
The Exchange advises shareholders of the Company who have any queries about the implications of the delisting to obtain appropriate professional advice.
|The Exchange hereby announces that with effect from 9:00 a.m. on 19 September 2011, the listing of the shares of the Company will be cancelled in accordance with the Delisting Procedures.
By the end of the deadline mentioned below, the Company has failed to submit a viable resumption proposal. Therefore, the Exchange will cancel the listing of the Companys shares in accordance with the Delisting Procedures.