(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 suspended
Main 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
▪ Demonstrate sufficiency of
▪ Delay in publication of financial operations / assets
results
▪ 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 ▪ Publish outstanding financial results
results
and address any auditors' concerns
Awaiting company to
address outstanding issues
Hyperlink: Announcement dated 4
July 2011
2326
BEP International Holdings
Limited
20-Oct-08
▪ Insufficient operations / assets
▪ Demonstrate sufficiency of
operations / assets
▪ Demonstrate sufficiency of working
capital
3rd stage of delisting
Hyperlink: Announcement dated 9
June 2010
2309
Birmingham International
Holdings Limited
30-Jun-11
▪ Pending release of price
▪ Inform market of material
sensitive information
information
▪ Delay in publication of financial ▪ Publish outstanding financial results
results
and address any auditors’ concern
Awaiting company to
address outstanding issues
Hyperlink: Announcement dated 7
July 2011
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
Awaiting company to
address outstanding issues
Hyperlink: Announcment dated 27
June 2011
930
China Forestry Holdings
Co., Ltd.
26-Jan-11
▪ Pending release of price
sensitive information
▪ Address potential irregularities
identified by auditors
Awaiting company to
address outstanding issues
Hyperlink: Announcement dated 2
March 2011
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
Resumption approved in
principle by the Exchange.
Pending fulfillment of
resumption conditions.
Hyperlink: Announcement dated 27
May 2011
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
Awaiting company to
address outstanding issues
Hyperlink: Announcement dated 29
April 2011
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
Awaiting company to
address outstanding issues
Stock
code
Long suspended
Main Board companies
Date of
suspension
Circumstances for suspension
Major outstanding issues
to be addressed
Status as at
31 October 2011
Hyperlink: Announcement dated 21
April 2011
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
2nd stage of delisting
Hyperlink: Announcement dated 30
August 2010
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
Awaiting company to
address outstanding issues
Hyperlink: Announcement dated 26
April 2011
48
EganaGoldpfeil (Holdings)
Limited (In Liquidation)
12-Sep-07
▪ Insufficient operations / assets
▪ Demonstrate sufficiency of
▪ Delay in publication of financial operations / assets
results
▪ 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
3rd stage of delisting
Hyperlink: Announcement dated 30
December 2010
875
Ever Fortune International
Holdings Limited
28-Apr-05
▪ Insufficient operations / assets
▪ Complete transactions in the
▪ Delay in publication of financial resumption proposal
results
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
Awaiting company to
address outstanding issues
▪ 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
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
2nd stage of delisting
Hyperlink: Announcement dated 30
May 2011
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
Resumption approved in
principle by the Exchange.
Pending fulfillment of
resumption conditions.
Stock
code
Long suspended
Main Board companies
Date of
suspension
Circumstances for suspension
Major outstanding issues
to be addressed
Status as at
31 October 2011
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
641
Fong’s Industries Company
Limited
7-Jun-11
▪ Pending restoration of public
float
▪ Restore public float
Awaiting company to
address outstanding issues
Hyperlink: Announcement dated 3 June
2011
1175
FU JI Food and Catering
Services Holdings Limited
(Provisional Liquidators
Appointed)
29-Jul-09
▪ Insufficient operations / assets
▪ Demonstrate sufficiency of
▪ Delay in publication of financial operations / assets
result
▪ Withdrawal of winding up petition
and discharge of provisional
liquidators
▪ Publish outstanding financial results
and address any auditors’ concern
▪ Demonstrate adequate internal
control system
2nd stage of delisting
Hyperlink: Announcement dated 4
August 2010
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
Awaiting company to
address outstanding issues
Hyperlink: Announcement dated 21
April 2011
946
Hontex International Holdings
Company Limited
30-Mar-10
▪ Suspension at the direction of
▪ Investigation by the Securities and
the Securities and Futures
Futures Commission
Commission
▪ Publication of outstanding financial
▪ Delay in publication of financial results and address any auditors’
results
concern
See company’s
announcement dated 21
April 2010
Hyperlink: 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
Awaiting company to
address outstanding issues.
Hyperlink: Announcement dated 25
March 2009
1159
Karce International Holdings
Company Limited
22-Sep-10
▪ Pending announcement of a very ▪ Pending announcement of a very
substantial acquisition
substantial acquisition
Awaiting company to
address outstanding issues.
Hyperlink: Announcement dated 22
September 2010
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
1st stage of delisting
Hyperlink: Announcement dated 5
July 2011
462
Natural Dairy (NZ) Holdings
7-Sep-10
▪ Pending release of price
▪ Address matters related to the
Awaiting company to
Stock
code
Long suspended
Main Board companies
Date of
suspension
Limited
Circumstances for suspension
sensitive information
Major outstanding issues
to be addressed
acquisition of dairy farms and
placing of convertible notes and
inform market of material
information
▪ Address auditors' concerns
▪ Demonstrate adequate internal
control system
Status as at
31 October 2011
address outstanding issues.
Hyperlink: Announcement dated 22
July 2011
456
New City (China)
Development Limited
30-Dec-03
▪ Insufficient operations / assets
▪ Complete transactions in the
resumption proposal
2339
Norstar Founders Group
Limited (Provisional
Liquidators Appointed)
19-Jan-09
▪ Insufficient operation / assets
▪ Demonstrate sufficiency of
▪ Delay in publication of financial operations / assets
results
▪ Withdrawal of winding up petition
and discharge of provisional
liquidators
▪ Publish outstanding financial results
and address any auditors’ concern
▪ Demonstrate adequate internal
control system
Resumption approved in
principle by the Exchange.
Pending fulfillment of
resumption conditions.
2nd stage of delisting
Hyperlink: Announcement dated 5
October 2010
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
Resumption approved in
principle by the Exchange.
Pending fulfillment of
resumption conditions.
Hyperlink: Announcement dated 11
October 2010
334
Proview International
Holdings Limited
2-Aug-10
▪ Insufficient operations / assets
▪ Demonstrate sufficiency of
▪ Delay in publication of financial operations / assets
results
▪ Demonstrate sufficiency of working
capital
▪ Publish all outstanding financial
results and address any audit
qualifications
▪ Demonstrate adequate internal control
system
2nd stage of delisting
Hyperlink: Announcement dated 23
September 2011
516
Pyxis Group Limited
5-Jul-10
▪ Insufficient operations / assets
▪ Cash company issue
▪ Demonstrate sufficiency of
operations / assets
▪ Resolve cash company issue
2nd stage of delisting
Hyperlink: Announcement dated 27
April 2011
3868
Qunxing Paper Holdings
Company Limited
30-Mar-11
▪ Pending release of price
sensitive information
▪ Address potential irregularities
identified by auditors
Awaiting company to
address outstanding issues.
Hyperlink: Announcement dated 30
March 2011
246
Real Gold Mining Limited
27-May-11
▪ Pending release of price
sensitive information
▪ Address reported potential
irregularities
Awaiting company to
address outstanding issues.
Hyperlink: Announcement dated 1
June 2011
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
Resumption approved in
principle by the Exchange.
Pending fulfillment of
resumption conditions.
Stock
code
Long suspended
Main Board companies
Date of
suspension
Circumstances for suspension
Major outstanding issues
to be addressed
Status as at
31 October 2011
effective internal control system
▪ Dismiss the winding-up petition and
discharge the provisional liquidators
Hyperlink: Announcement dated 15
June 2011
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
Awaiting company to
address outstanding issues.
Hyperlink: Exchange's announcement
dated 2 May 2008
2336
186
Sunlink International
Holdings Limited
(Provisional Liquidators
Appointed)
The Grande Holdings Limited
(Provisional Liquidators
Appointed)
2-Dec-08
▪ Insufficient operations / assets
▪ Complete transactions in the
proposal
Hyperlink: Announcement dated 22
August 2011
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
Resumption approved in
principle by the Exchange.
Pending fulfillment of
resumption conditions.
1st stage of delisting
Hyperlink: Announcement dated 9
September 2011
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
Awaiting company to
address outstanding issues.
Hyperlink: Announcement dated 23
June 2010
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
3rd stage of delisting
Hyperlink: Announcement dated 26
February 2010
1139
Victory Group Limited
27-Sep-06
▪ Insufficient operations / assets
▪ Complete transactions in the
resumption proposal
Hyperlink: Announcement dated 5
August 2011
607
Warderly International
Holdings Limited
14-May-07
▪ Suspension at the direction of
the Securities and Futures
Commission
▪ Insufficient operations / assets
▪ Fulfill resumption conditions that
may be imposed by the Securities
and Futures Commission
▪ Demonstrate sufficiency of
operations / assets
Resumption approved in
principle by the Exchange.
Pending fulfillment of
resumption conditions
Listing Committee decided
to cancel listing. Pending
review by Listing (Review)
Committee).
Hyperlink: Announcement dated 26
May 2011
739
Zhejiang Glass Company
Limited
3-May-10
▪ Insufficient operations / assets
▪ Demonstrate sufficiency of
▪ Delay in publication of financial operations / assets
results
▪ Publish outstanding financial results
and address any auditors' concerns
▪ Inform market of material
information
▪ Demonstrate adequate internal
control system
▪ Demonstrate sufficiency of working
capital
1st stage of delisting
Stock
code
Long suspended
Main Board companies
Date of
suspension
Circumstances for suspension
Major outstanding issues
to be addressed
▪ Demonstrate no management
integrity concern
Hyperlink: Announcement dated 29
November 2010
Status as at
31 October 2011