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Announcement – In relation to the matter of China Assurance Finance Group Limited (Incorporated in Cayman Islands with limited liability) (Stock Code: 8090) Cancellation of listing

Regulatory
10 Mar 2021

香港联合交易所有限公司
(香港交易及结算所有限公司全资附属公司)
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 
China Assurance Finance Group Limited
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 8090)

Cancellation of listing

The Stock Exchange of Hong Kong Limited (the “Exchange”) announced that with effect from 9:00 am on 12 March 2021, the listing of the shares of China Assurance Finance Group Limited (the “Company”) will be cancelled under GEM Rule 9.14A.

 

The Exchange announces that the listing of the Company's shares will be cancelled with effect from 9:00 am on 12 March 2021 under GEM Rule 9.14A.

Trading in the Company’s shares has been suspended since 1 April 2019.  Under GEM Rule 9.14A, the Exchange may delist the Company if trading does not resume by 31 March 2020.

The Company failed to fulfil all the resumption guidance set by the Exchange, demonstrate its compliance with GEM Rule 17.26 and resume trading in its shares by 31 March 2020.  On 5 June 2020, the GEM Listing Committee decided to cancel the listing of the Company’s shares on the Exchange under GEM Rule 9.14A.

On 11 June 2020, the Company sought a review of the GEM Listing Committee’s decision by the GEM Listing Review Committee. On 2 March 2021, the Listing Review Committee upheld the decision of the GEM Listing Committee to cancel the Company’s listing. Accordingly, the Exchange will cancel the Company’s listing with effect from 9:00 am on 12 March 2021.

The Exchange has requested the Company to publish an announcement on the cancellation of its listing.

The Exchange advises shareholders of the Company who have any queries about the implications of the delisting to obtain appropriate professional advice.

 

 

Ends

Updated 10 Mar 2021