Announcement – In relation to the matter of China Solar Energy Holdings Limited (Incorporated in Bermuda with limited liability) (In Provisional Liquidation) (Stock Code: 155) Cancellation of listing
Regulatory
03 Aug 2022
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 Solar Energy Holdings Limited
(Incorporated in Bermuda with limited liability)
(In Provisional Liquidation)
(Stock Code: 155)
Cancellation of listing
The Stock Exchange of Hong Kong Limited (the Exchange) announces that with effect from 9:00 am on 8 August 2022, the listing of the shares of China Solar Energy Holdings Limited (the Company) will be cancelled under Practice Note 17 to the Listing Rules.
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The Exchange announces that the listing of the Company’s shares will be cancelled with effect from 9:00 am on 8 August 2022 in accordance with the delisting procedures under Practice Note 17 to the Listing Rules.
Trading of the Company’s shares was suspended on 16 August 2013 due to the allegations regarding certain subsidiaries and former directors of the Company as disclosed in the Company’s announcements of 18 October and 20 December 2013.
The Exchange placed the Company into the first, second and third delisting stages under Practice Note 17 to the Listing Rules on 5 January 2015, 8 July 2015 and 29 January 2016, respectively.
Before expiry of the third delisting stage, on 14 February 2017, the Company submitted a resumption proposal to the Exchange which involved, among others, the acquisition of target companies which constituted a reverse takeover under the Listing Rules. On 24 June 2022, the Company announced that it would not be able to proceed with the restructuring proposal. In these circumstances, on 22 July 2022 the Listing Committee considered it appropriate for the Exchange, as it was entitled, to cancel the Company’s listing under Practice Note 17 to the Listing Rules.
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.
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