Status Report on Delisting Proceedings and Suspensions

 

Main Board

GEM

Total

(a) Number of delisted companies (since 1 January 2019)

 

 

 

a. Withdrawal of listing pursuant to privatisation

10

0

10

b. Transfer of listing from GEM to Main Board

N/A

13

13

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

9

5

14

d. Voluntary withdrawal of listing

0

0

0

Total

19

18

37

(b) Number of companies in suspension for three months or more (as at 29 November 2019)

a. Main Board companies in delisting procedures under Practice Note 17(1)

17

N/A

17

b. Companies given notice for delisting(2)

0
1
1

c. Other suspended companies(3)

42 11 53

d. Delisting approved by the Listing Committee

12*

3*

15

Total

71

15

86

(c) Number of listed companies (as at 29 November 2019)

2,052

384 2,436

 

(1)  Main Board companies that are placed in a three stage process of delisting under Practice Note 17 to the Main Board Listing Rules for failure to maintain sufficient operations or assets. 
(2)  The Exchange has decided to commence procedures under Main Board Rule 6.10 or GEM Rule 9.15 to cancel the listing of companies on the grounds set out in Main Board Rule 6.01 or GEM Rule 9.14.
(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.
* The companies have applied to the Exchange to review the delisting decisions. The review procedures are in progress.

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