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Announcement – In relation to the matter of Sino Energy International Holdings Group Limited (incorporated in the Cayman Islands with limited liability) (Stock Code: 1096) Cancellation of listing

Regulatory
14 Dec 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
Sino Energy International Holdings Group Limited 
(incorporated in the Cayman Islands with limited liability)
(Stock Code: 1096)

Cancellation of listing

The Stock Exchange of Hong Kong Limited (the Exchange) announced that with effect from 9:00 am on 16 December 2022, the listing of the shares of Sino Energy International Holdings Group Limited (the Company) will be cancelled under Rule 6.01A.



 
The Exchange announces that the listing of the Company's shares will be cancelled with effect from 9:00 am on 16 December 2022 under Rule 6.01A.
 
Trading in the Company’s shares has been suspended since 1 September 2020. Under Rule 6.01A, the Exchange may delist the Company if trading does not resume by 28 February 2022.
 
The Company failed to fulfill the resumption guidance set by the Exchange and resume trading in its shares by 28 February 2022. On 23 March 2022, the Listing Committee decided to cancel the listing of the Company’s shares on the Exchange under Rule 6.01A.
 
On 28 March 2022, the Company sought a review of the Listing Committee's decision by the Listing Review Committee. On 28 June 2022, the Listing Review Committee upheld the decision of the Listing Committee to cancel the Company's listing. On 29 July 2022, the Company applied to the High Court of HKSAR (the High Court) to obtain leave to apply for judicial review against the decision of the Listing Review Committee (the Application). On 15 November 2022, the High Court dismissed the Application.
 
Accordingly, the Exchange will cancel the Company's listing with effect from 9:00 am on 16 December 2022.
 
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 19 Dec 2022