(Posted on 7 November 2011)
MONTHLY PROLONGED SUSPENSION STATUS REPORT (MAIN BOARD)
(as at 31 October 2011)
Trading in the shares of the following companies has been suspended for three months or more as at 31 October 2011. Set out below is a summary of these companies including the reasons for their suspensions, major issues to be addressed and their current status. The companies’ announcements are available at Listed Company Information (please input the relevant “Stock Code”, select “Date of Release” from the date of suspension, and press “Search”) for detailed information.
Stock code / Long suspendedMain Board companies / Date of
suspension / Circumstances for suspension / Major outstanding issues
to be addressed / Status as at
31 October 2011 /
870 / 3D-GOLD Jewellery Holdings Limited (Provisional Liquidators Appointed) / 30-Sep-08 / ▪ Insufficient operations / assets
▪ Delay in publication of financial results / ▪ Demonstrate sufficiency of operations / assets
▪ Publish outstanding financial results and address any auditors’ concerns
▪ Withdrawal of winding up petition and discharge of provisional liquidators
▪ Demonstrate there are no significant internal control deficiencies or management integrity concern / Listing Committee decided to cancel listing. Pending review by Listing (Review) Committee.
761 / BEL Global Resources Holdings Limited / 4-Jul-11 / ▪ Delay in publication of financial results / ▪ Publish outstanding financial results and address any auditors' concerns
Hyperlink: Announcement dated 4 July 2011 / Awaiting company to address outstanding issues
2326 / BEP International Holdings Limited / 20-Oct-08 / ▪ Insufficient operations / assets / ▪ Demonstrate sufficiency of operations / assets
▪ Demonstrate sufficiency of working capital
Hyperlink: Announcement dated 9 June 2010 / 3rd stage of delisting
2309 / Birmingham International Holdings Limited / 30-Jun-11 / ▪ Pending release of price sensitive information
▪ Delay in publication of financial results / ▪ Inform market of material information
▪ Publish outstanding financial results and address any auditors’ concern
Hyperlink: Announcement dated 7 July 2011 / Awaiting company to address outstanding issues
274 / China Billion Resources Limited (Formerly known as Global Green Tech Group Limited) / 29-Jun-11 / ▪ Pending release of price sensitive information / ▪ Inform market of material information related to two defaulted loans and the impact to the Group
Hyperlink: Announcment dated 27 June 2011 / Awaiting company to address outstanding issues
930 / China Forestry Holdings Co., Ltd. / 26-Jan-11 / ▪ Pending release of price sensitive information / ▪ Address potential irregularities identified by auditors
Hyperlink: Announcement dated 2 March 2011 / Awaiting company to address outstanding issues
572 / China Packaging Group Company Limited (Provisional Liquidators Appointed) / 28-Apr-09 / ▪ Insufficient operations / assets
▪ Pending release of price sensitive information / ▪ Complete transactions in the resumption proposal
▪ Discharge of the winding-up petition and the provisional liquidators
Hyperlink: Announcement dated 27 May 2011 / Resumption approved in principle by the Exchange. Pending fulfillment of resumption conditions.
1094 / China Public Procurement Limited / 5-Jul-10 / ▪ Pending release of price sensitive information / ▪ Inform market of material information
▪ Address auditors’ concerns
▪ Demonstrate adequate internal control system
Hyperlink: Announcement dated 29 April 2011 / Awaiting company to address outstanding issues
648 / China Renji Medical Group Limited / 18-Oct-10 / ▪ Pending release of price sensitive information / ▪ Inform market of material information
▪ Address auditors’ concerns
▪ Demonstrate adequate internal control system
Hyperlink: Announcement dated 21 April 2011 / Awaiting company to address outstanding issues
439 / Climax International Company Limited / 23-Sep-08 / ▪ Insufficient operations / assets
▪ Pending release of price sensitive information / ▪ Demonstrate sufficiency of operations / assets
▪ Inform market of material information related to regulatory investigation and implications on the Company
▪ Demonstrate there are no significant internal control deficiencies or management integrity concern
▪ Address auditors’ concerns
Hyperlink: Announcement dated 30 August 2010 / 2nd stage of delisting
1182 / C Y Foundation Group Limited / 31-Aug-10 / ▪ Pending release of price sensitive information / ▪ Inform market of material information relating to regulatory investigation and implications on the Company
▪ Inform market of findings of independent reviews
▪ Demonstrate there are no significant internal control deficiencies or management integrity concern
Hyperlink: Announcement dated 26 April 2011 / Awaiting company to address outstanding issues
48 / EganaGoldpfeil (Holdings) Limited (In Liquidation) / 12-Sep-07 / ▪ Insufficient operations / assets
▪ Delay in publication of financial results / ▪ Demonstrate sufficiency of operations / assets
▪ Publish outstanding financial results and address any auditors' concerns
▪ Inform market of material information related to regulatory investigation and implications on the Company
▪ Demonstrate there are no significant internal control deficiencies or management integrity concern
▪ Withdrawal of winding up petition and discharge of provisional liquidators
Hyperlink: Announcement dated 30 December 2010 / 3rd stage of delisting
875 / Ever Fortune International Holdings Limited / 28-Apr-05 / ▪ Insufficient operations / assets
▪ Delay in publication of financial results / ▪ Complete transactions in the resumption proposal
Hyperlink: Announcement dated 28 April 2011 / Resumption approved in principle by the Exchange. Pending fulfillment of resumption conditions.
36 / Far East Holdings International Limited / 3-Sep-10 / ▪ Pending release of price sensitive information / ▪ Demonstrate there are no significant internal control deficiencies or management integrity concern
▪ implementation and disclosure of adequate corporate governance measures in legitimately deploying corporate funds
Hyperlink: Announcement dated 24 January 2011 / Awaiting company to address outstanding issues
865 / First Mobile Group Holdings Limited / 27-Nov-09 / ▪ Financial difficulties
▪ Pending release of price sensitive information / ▪ Demonstrate sufficient level of operations or assets
▪ Demonstrate sufficient working capital
▪ Demonstrate adequate internal control system
Hyperlink: Announcement dated 30 May 2011 / 2nd stage of delisting
1076 / First Natural Foods Holdings Limited (Provisional Liquidators Appointed) / 15-Dec-08 / ▪ Insufficient operations / assets / ▪ 2011 operating profit should not be less than HK$18 million
▪ Obtain the requisite approvals and complete transactions in the resumption proposal
▪ Provide written confirmation about the completion of the investor’s share subscription and that the proceed from the subscription is held by the company
▪ Full payment of listing fees
▪ Cancellation of the debenture over assets of a company’s subsidiary
▪ Provide confirmation from the provisional liquidators as to its working capital sufficiency
▪ Publish its 2011 audited accounts if resumption of trading does not take place before 1 April 2012
▪ Restore public float (as necessary) within one month of resumption of trading
Hyperlink: Announcement dated 4 October 2011 / Resumption approved in principle by the Exchange. Pending fulfillment of resumption conditions.
641 / Fong’s Industries Company Limited / 7-Jun-11 / ▪ Pending restoration of public float / ▪ Restore public float
Hyperlink: Announcement dated 3 June 2011 / Awaiting company to address outstanding issues
1175 / FU JI Food and Catering Services Holdings Limited (Provisional Liquidators Appointed) / 29-Jul-09 / ▪ Insufficient operations / assets
▪ Delay in publication of financial result / ▪ Demonstrate sufficiency of operations / assets
▪ Withdrawal of winding up petition and discharge of provisional liquidators
▪ Publish outstanding financial results and address any auditors’ concern
▪ Demonstrate adequate internal control system
Hyperlink: Announcement dated 4 August 2010 / 2nd stage of delisting
115 / Grand Field Group Holdings Limited / 27-Mar-09 / ▪ Pending release of price sensitive information / ▪ Address auditors’ concerns
▪ Demonstrate sufficient working capital
▪ Resolve issues related to a piece of land
Hyperlink: Announcement dated 21 April 2011 / Awaiting company to address outstanding issues
946 / Hontex International Holdings Company Limited / 30-Mar-10 / ▪ Suspension at the direction of the Securities and Futures Commission
▪ Delay in publication of financial results / ▪ Investigation by the Securities and Futures Commission
▪ Publication of outstanding financial results and address any auditors’ concern
Hyperlink: Announcement dated 21 April 2010 / See company’s announcement dated 21 April 2010
356 / Incutech Investments Limited / 13-Jun-08 / ▪ Pending release of price sensitive information / ▪ Inform market of material information related to regulatory investigation and implications on the Company
▪ Demonstrate there are no significant internal control deficiencies or management integrity concern
Hyperlink: Announcement dated 25 March 2009 / Awaiting company to address outstanding issues.
1159 / Karce International Holdings Company Limited / 22-Sep-10 / ▪ Pending announcement of a very substantial acquisition / ▪ Pending announcement of a very substantial acquisition
Hyperlink: Announcement dated 22 September 2010 / Awaiting company to address outstanding issues.
2358 / Mitsumaru East Kit (Holdings) Limited / 14-Feb-08 / ▪ Pending release of price sensitive information / ▪ Demonstrate sufficiency of operation / assets
▪ Address auditors' concerns
▪ Demonstrate adequate internal control system
Hyperlink: Announcement dated 5 July 2011 / 1st stage of delisting
462 / Natural Dairy (NZ) Holdings Limited / 7-Sep-10 / ▪ Pending release of price sensitive information / ▪ Address matters related to the acquisition of dairy farms and placing of convertible notes and inform market of material information
▪ Address auditors' concerns
▪ Demonstrate adequate internal control system
Hyperlink: Announcement dated 22 July 2011 / Awaiting company to address outstanding issues.
456 / New City (China) Development Limited / 30-Dec-03 / ▪ Insufficient operations / assets / ▪ Complete transactions in the resumption proposal / Resumption approved in principle by the Exchange. Pending fulfillment of resumption conditions.
2339 / Norstar Founders Group Limited (Provisional Liquidators Appointed) / 19-Jan-09 / ▪ Insufficient operation / assets
▪ Delay in publication of financial results / ▪ Demonstrate sufficiency of operations / assets
▪ Withdrawal of winding up petition and discharge of provisional liquidators
▪ Publish outstanding financial results and address any auditors’ concern
▪ Demonstrate adequate internal control system
Hyperlink: Announcement dated 5 October 2010 / 2nd stage of delisting
1220 / Ocean Grand Holdings Limited (Provisional Liquidators Appointed) / 17-Jul-06 / ▪ Insufficient operations / assets / ▪ Provide written confirmation from the investor as to its financial resources
▪ Conduct due diligence and provide valuation reports of the target company and the joint venture
▪ Provide evidence that the joint venture is a Housing Authority approved supplier
▪ Provide pre-emptive rights issuance to existing shareholders
▪ Resolve audit qualifications of the Group and the target company
▪ Substantiate profit forecast
Hyperlink: Announcement dated 11 October 2010 / Resumption approved in principle by the Exchange. Pending fulfillment of resumption conditions.
334 / Proview International Holdings Limited / 2-Aug-10 / ▪ Insufficient operations / assets
▪ Delay in publication of financial results / ▪ Demonstrate sufficiency of
operations / assets
▪ Demonstrate sufficiency of working capital
▪ Publish all outstanding financial results and address any audit qualifications
▪ Demonstrate adequate internal control system
Hyperlink: Announcement dated 23 September 2011 / 2nd stage of delisting
516 / Pyxis Group Limited / 5-Jul-10 / ▪ Insufficient operations / assets
▪ Cash company issue / ▪ Demonstrate sufficiency of
operations / assets
▪ Resolve cash company issue
Hyperlink: Announcement dated 27 April 2011 / 2nd stage of delisting
3868 / Qunxing Paper Holdings Company Limited / 30-Mar-11 / ▪ Pending release of price sensitive information / ▪ Address potential irregularities identified by auditors
Hyperlink: Announcement dated 30 March 2011 / Awaiting company to address outstanding issues.
246 / Real Gold Mining Limited / 27-May-11 / ▪ Pending release of price sensitive information / ▪ Address reported potential irregularities
Hyperlink: Announcement dated 1 June 2011 / Awaiting company to address outstanding issues.
2700 / Smart Union Group (Holdings) Limited (Provisional Liquidators Appointed) / 15-Oct-08 / ▪ Insufficient operations / assets / ▪ Complete transactions under the resumption proposal
▪ Provide a full scope report confirming an adequate and effective internal control system
▪ Dismiss the winding-up petition and discharge the provisional liquidators
Hyperlink: Announcement dated 15 June 2011 / Resumption approved in principle by the Exchange. Pending fulfillment of resumption conditions.
211 / Styland Holdings Limited / 21-Apr-04 / ▪ Shareholder and market protection concerns / ▪ Disclosure and implementation of satisfactory corporate governance measures and/or the conclusion of a review of the disciplinary decisions by the Listing Committee
Hyperlink: Exchange's announcement dated 2 May 2008 / Awaiting company to address outstanding issues.
2336 / Sunlink International Holdings Limited (Provisional Liquidators Appointed) / 2-Dec-08 / ▪ Insufficient operations / assets / ▪ Complete transactions in the proposal
Hyperlink: Announcement dated 22 August 2011 / Resumption approved in principle by the Exchange. Pending fulfillment of resumption conditions.
186 / The Grande Holdings Limited (Provisional Liquidators Appointed) / 30-May-11 / ▪ Insufficient operations / assets / ▪ Demonstrate sufficiency of operation / assets
▪ Resolve financial difficulties, including withdrawal of winding-up petition and discharge of provisional liquidators
Hyperlink: Announcement dated 9 September 2011 / 1st stage of delisting
690 / Uni-Bio Science Group Limited / 9-Mar-10 / ▪ Pending release of price sensitive information / ▪ Inform market of material information related to regulatory investigation and implications on the Company.
▪ Demonstrate there was no significant internal control deficiencies and/or management integrity concern
▪ Address any auditors’ concern
Hyperlink: Announcement dated 23 June 2010 / Awaiting company to address outstanding issues.
627 / U-RIGHT International Holdings Limited (Provisional Liquidators Appointed) / 17-Sep-08 / ▪ Insufficient operations / assets / ▪ Demonstrate sufficiency of operations / assets
▪ Address auditors' concerns
▪ Withdrawal of winding-up petition and discharge of provisional liquidators
▪ Demonstrate adequate internal control system
Hyperlink: Announcement dated 26 February 2010 / 3rd stage of delisting
1139 / Victory Group Limited / 27-Sep-06 / ▪ Insufficient operations / assets / ▪ Complete transactions in the resumption proposal
Hyperlink: Announcement dated 5 August 2011 / Resumption approved in principle by the Exchange. Pending fulfillment of resumption conditions