Announcement – Genting Hong Kong Limited (In Liquidation) (incorporated in Bermuda with limited liability) (Stock Code: 678) Cancellation of listing

The Exchange announces that the listing of the Company's shares will be cancelled with effect from 9:00 am on 16 May 2023 under Rule 6.01.

Trading in the Company’s shares has been suspended since 18 January 2022. Under Rule 6.01A(1), the Exchange may delist the Company if trading does not resume by 17 July 2023.

The Company’s liquidators (appointed by the Bermuda court) confirmed that the Company had ceased (substantially all or all of) its business operations and was not expected to be able to develop any plan to address its insolvency and resume business operations to re-comply with Rule 13.24. The Company’s liquidators did not have any plan to meet all other resumption guidance and requested the Exchange to exercise its discretion to delist the Company immediately (Request).

Under Rule 6.01, the Exchange may delist an issuer at any time as it thinks fit, for example, where the matters triggering the application of a delisting criterion are fundamental to the general principles for listing and are beyond remedy. Having considered the Request and the Company’s circumstances, on 28 April 2023, the Listing Committee considered that the Company was no longer suitable for listing under Rule 6.01(4) and should be delisted immediately in accordance with Rule 6.01. 

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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