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

12/30/2011 | 05:48am US/Eastern

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 EganaGoldpfeil (Holdings) Limited
(In Liquidation)
(Stock Code: 48)

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 Exchange hereby announces that with effect from 9:00 a.m. on 4 January 2012, the listing of the sharesof 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.

The Stock Exchange of Hong Kong Limited (the "Exchange") announces that the listing of the shares of EganaGoldpfeil (Holdings) Limited (In Liquidation) (the "Company") will be cancelled with effect from 9:00 a.m. on 4 January 2012 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 12 September 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 30 December 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 before 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.

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