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Screenshot of a breaking news alert e-mail from Q2 2017
The Stock Exchange of Hong Kong Limited (HKEX) put Dejin Resources Group Company Limited into the third delisting stage today. If no viable resumption proposal is received by the end of the third delisting stage (i.e. 13 June 2017), the Company’s listing will be cancelled.
Trading of the Company’s shares was suspended on 16 May 2014 pending release of inside information relating to an arbitral award against the Company’s major subsidiary.
By 24 November 2015 the Exchange was of the view that the Company did not comply with the requirement to have sufficient operations or assets under Rule 13.24.
Dejin Resources Group Company Limited will have a final six months to provide a viable resumption proposal to demonstrate sufficient operations or assets as required under Rule 13.24.
If no viable resumption proposal is received by the end of the third delisting stage, the Company’s listing will be cancelled.