The HKEx announced that starting from 9:00 am on December 17, the listing status of Dongda Lighting (08229.HK) (in liquidation) will be cancelled in accordance with Rule 9.14 of the GEM Listing Rules.
Because the court's ruling means that the company's major shareholders and former managers provide false information to obtain the company's listing status, the listing committee believes that the company is not suitable for listing.
The company's resumption proposal submitted on June 11 this year, including the proposed acquisition of an LED lighting business and proposed fund raising, the committee refused to accept the proposal and decided to cancel the company's listing status, because the acquisition could not solve the company's unsuitable listing. The fundamental problem (by providing false information to obtain its listing status). At the same time, the Committee considered that the proposal was not feasible.
Because the court's ruling means that the company's major shareholders and former managers provide false information to obtain the company's listing status, the listing committee believes that the company is not suitable for listing.
The company's resumption proposal submitted on June 11 this year, including the proposed acquisition of an LED lighting business and proposed fund raising, the committee refused to accept the proposal and decided to cancel the company's listing status, because the acquisition could not solve the company's unsuitable listing. The fundamental problem (by providing false information to obtain its listing status). At the same time, the Committee considered that the proposal was not feasible.
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