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Status Report on Delisting Proceedings and Suspensions

Updated: 30 April 2012

Status Report on Delisting Proceedings and Suspensions

 

Main Board

GEM

Total

(a)  Number of delisted companies (since 1 January 2012)

 

 

 

        a.  Withdrawal of listing pursuant to privatisation

4

0

4

        b.  Transfer of listing from GEM to Main Board

N/A

0

0

        c.  Cancellation of listing pursuant to delisting procedures under the Listing Rules

1

0

1

        d.  Voluntary withdrawal of listing

0

0

0

Total

5

0

5

(b)  Number of companies in suspension for three months or more (as at 30 April 2012)
        a.  Companies not in delisting procedures

23

5

28

        b.  a)  Main Board companies in delisting procedures:

                   -  first stage of delisting(1)  

2

N/A

2

                   -  second stage of delisting(2)

4

N/A

4

                   -  third stage of delisting(2)

3

N/A

3

              b)  Main Board companies served with a notice of intention of cancellation of listing under Main Board Listing Rule 6.10

0

N/A

0

        c.  GEM companies given 6 months' notice for delisting

N/A

2

2

        d.  Delisting approved by the Listing Committee

2*

0

2*

        e.  Resumption proposal approved in principle by the Exchange subject to fulfillment of conditions

4

1

5

Total

38

8

46

(c)  Number of listed companies (as at 30 April 2012)

1,342

174 1,516

(1) Where the Exchange has issued a letter to the long-suspended company informing it of the commencement of the delisting procedures and that the Exchange will consider placing the company in the second stage of delisting if the company fails to submit a viable resumption proposal by the deadline set out in the letter.
(2) Long-suspended Main Board companies having problems with sufficient operations or assets are placed in the second and third stages of delisting under Practice Note 17 to the Main Board Listing Rules.   
* The companies applied to the Exchange to review the delisting decision.  The review procedures are in progress. 

This report is updated on the last trading day of each month.