Majority of suspended main board companies face delisting

Business | 11 Oct 2018 4:48 pm

More than 50 percent of companies suspended from trading for long will be delisted on July 31 next year, due to the amended rules of the Stock Exchange of Hong Kong, Barry Tong, accounting and consulting company Grant Thornton's national head of transaction advisory services, said.

The new rule allows the exchange, a wholly owned subsidiary of Hong Kong Exchanges and Clearing Limited (0388) to delist an issuer on the main board after a trading suspension of 18 continuous months, speeding up the delisting procedure.

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