Member access

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

SummaryChart AnalysisNewsCalendarCompanyFinancialsConsensusRevisions 

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

09/15/2011 | 06:55am US/Eastern
Recommend:
0

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.
Recommend :
0
React to this article
Latest news on HONG KONG EXCHANGES AND CL
2d ago PETROLEO BRASILEIRO PETROBRAS : ICBC Leasing Signed USD1bn Drilling Platform Lea..
5d ago HONG KONG EXCHANGES AND CLEARING : Fourth iBond to launch
6d ago CHINA MARINE CNTNRS GP : CIMC expects H1 net profits to soar 50% from non-core g..
07/14 CHINA MARINE CNTNRS GP : CIMC expects interim profit up 50-100%
07/11 CME, Thomson Reuters win battle to replace century-old silver benchmark
07/09 SINGAPORE EXCHANGE : launches Liquidity Hub in HK
07/07DJASIA MARKETS : Japan Stocks Fall From Highest Close Since Late January
07/04 CHINA MARINE CNTNRS GP : Yuan takes another major step toward full convertibilit..
06/24 HONG KONG EXCHANGES AND CLEARING : London metal exchange keeps open-outcry
06/23 HONG KONG EXCHANGES AND CLEARING : HKEx a symbol of HK's financial stability
Advertisement
Chart
Duration : Period :
Hong Kong Exchanges and Cl Technical Analysis Chart | 0388 | HK0388045442 | 4-Traders
Income Statement Evolution
Hong Kong Exchanges and Cl : Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF