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4-Traders Homepage  >  Equities  >  Stock Exchange of Hong Kong  >  Hong Kong Exchanges and Clearing Limited    0388   HK0388045442

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Hong Kong Exch&Clear : Announcement regarding cancellation of listing of Pan Sino International Holding Limited (In Liquidation) under Practice Note 17 to the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited

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09/15/2011 | 12:55pm CEST

THE STOCK EXCHANGE OF HONG KONG LIMITED

(A wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited)

ANNOUNCEMENT

In relation to the matter of Pan Sino International Holding Limited

(In Liquidation)

(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 Company’s shares have been suspended since 30 April 2007. Accordingly, dealings in the Company’s 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 Company’s shares. The Company submitted a resumption proposal to the Exchange prior to expiry of the third stage. However, the Exchange determined that the Company’s proposal was not viable. Therefore, the Exchange will cancel the listing of the Company’s 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.

Ends

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 Company’s shares in accordance with the Delisting Procedures.
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Financials ( HKD)
Sales 2018 15 967 M
EBIT 2018 11 291 M
Net income 2018 9 606 M
Finance 2018 63 318 M
Yield 2018 2,72%
P/E ratio 2018 33,85
P/E ratio 2019 29,78
EV / Sales 2018 16,2x
EV / Sales 2019 14,4x
Capitalization 323 B
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Technical analysis trends HONG KONG EXCHANGES AND CL
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 316  HKD
Spread / Average Target 22%
EPS Revisions
Managers
NameTitle
Xiao Jia Li CEO & Ex-Officio Executive Director
Chung Kong Chow Chairman
Chi Kin Tai Joint Chief Operating Officer & Head-Clearing
Kwok Keung Lee Joint Chief Operating Officer
John F. Killian Chief Financial Officer
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