Status Report on Delisting Proceedings and Suspensions

 

Main Board

GEM

Total

(a) Number of delisted companies (since 1 January 2024)

 

 

 

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

5

0

5

b. Voluntary withdrawal of listing(1)

5

0

5

c. Transfer of listing from GEM to Main Board

N/A

0

0

Total

10

0

10

(b) Number of companies in suspension for three months or more (as at 28 March 2024)

a. Delisting approved by the Listing Committee

9 1 10(2)

b. Other suspended companies(3)

44(4)

14(5)

58

Total

53

15

68

 

(1)
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) 6 Main Board companies have applied to the Exchange to review the delisting decisions, the review procedures of which are in progress.
(3) 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.
(4) Please refer to the Monthly Prolonged Suspension Status Report (Main Board) for the status of companies suspended for three months or more.
(5)  Please refer to the Monthly Prolonged Suspension Status Report (GEM) for the status of companies suspended for three months or more.

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