Status Report on Delisting Proceedings and Suspensions
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(a) Number of delisted companies (since 1 January 2024)
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|
|
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a. Cancellation of listing pursuant to delisting procedures under the Listing Rules
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18
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6
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24
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b. Voluntary withdrawal of listing(1)
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15
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0 |
15
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c. Transfer of listing from GEM to Main Board
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N/A
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0
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0
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d. De-SPAC transaction(2)
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1 |
N/A |
1 |
| (b) Number of companies in suspension for three months or more (as at 31 October 2024) |
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|
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a. Delisting approved by the Listing Committee
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9 |
0 |
9(3)
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b. Other suspended companies(4)
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56(5) |
8(6)
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64
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(1)
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Either under (a) a compulsory acquisition under Main Board Rule 6.15(1) or GEM Rule 9.23(1) or (b) a privatisation by way of a scheme of arrangement or capital reorganisation under Main Board Rule 6.15(2) or GEM Rule 9.23(2). |
| (2) |
An acquisition of, or a business combination with, a De-SPAC target by a SPAC that results in the listing of a successor company which satisfies the new listing requirements under Main Board Chapter 8.
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| (3) |
4 Main Board company has applied to the Exchange to review the delisting decisions of the Listing Committee. 1 Main Board company has applied to the High Court of Hong Kong for judicial review of the delisting decisions of the Listing Review Committee. The review procedures and relevant legal proceedings are in progress.
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| (4) |
The Exchange may cancel the listing of companies if trading in their securities has remained suspended for 18 continuous months under Main Board Rule 6.01A or 12 continuous months under GEM Rule 9.14A. Depending on the specific facts and circumstances of a suspended company, the Exchange may at any time publish a delisting notice stating its right to delist the company if it fails to resume trading within a shorter period specified in the notice.
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| (5) |
Please refer to the Monthly Prolonged Suspension Status Report (Main Board) for the status of companies suspended for three months or more.
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| (6) |
Please refer to the Monthly Prolonged Suspension Status Report (GEM) for the status of companies suspended for three months or more.
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This report is updated on the last trading day of each month.