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Screenshot of a breaking news alert e-mail from Q2 2017
The Stock Exchange of Hong Kong Limited is minded to exercise its power to cancel the listing of the shares of Trony Solar Holdings Company Limited under the Listing Rules.
In this regard, the Exchange requires that the Company must have remedied those matters which have rendered it unsuitable for listing by 4 July 2017. The Exchange will proceed with cancelling the Company’s listing if Trony fails to do so.
Trading of the Trony Solar Holdings’s shares was suspended on 21 June 2012 due to possible discrepancies in its financial records. In June 2016 the Listing Department decided to commence procedures to cancel the Company’s listing under Rule 6.01(4) on the ground that it is no longer suitable for listing and under Rule 6.04 in respect of its prolonged suspension of trading.
On 8 June 2016, Trony Solar Holdings requested for a review of the Department’s decision by the Listing Committee. On 5 September 2016, the Listing Committee upheld the Department’s decision to commence procedures to cancel the Company’s listing. Trony Solar Holdings asked for a second review of the decision. On 22 December 2016, the Listing (Review) Committee upheld the Listing Committee’s decision.