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Announcement – In relation to the matter of Global Token Limited (continued in Bermuda with limited liability) (Stock Code: 8192) Cancellation of listing

Regulatory
16 Apr 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 
Global Token Limited
(continued in Bermuda with limited liability)
(Stock Code: 8192)

Cancellation of listing

The Stock Exchange of Hong Kong Limited (the “Exchange”) announced that with effect from 9:00 am on 20 April 2021, the listing of the shares of Global Token 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 20 April 2021 under GEM Rule 9.14A.

Trading in the Company’s shares has been suspended since 25 October 2019.  Under GEM Rule 9.14A, the Exchange may delist the Company if trading does not resume by 24 October 2020.

The Company failed to fulfil all the resumption guidance set by the Exchange and resume trading in its shares by 24 October 2020.  On 25 November 2020, the GEM Listing Committee decided to cancel the listing of the Company’s shares on the Exchange under GEM Rule 9.14A.

On 1 December 2020, the Company sought a review of the GEM Listing Committee’s decision by the Listing Review Committee. On 7 April 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 a.m. on 20 April 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 16 Apr 2021