Zhitong Financial APP News, Bing Holdings (08525) issued an announcement, although the company announced in the announcement that the company had decided not to require a review of the decision, after seeking professional advice and proper consideration, the directors are of the view that it is in the best interests of the company to request the GEM listing Committee to review the decision. Accordingly, the company submitted a written request to the Stock Exchange on 18 July 2023 requesting the GEM listing Committee to review the decision in accordance with Chapter IV of the GEM listing rules. Therefore, the shares of the company will continue to be traded. If there are any material developments in the above matters, the Company will issue a separate announcement in due course in accordance with the requirements of the GEM listing rules.
If the GEM listing Committee upholds the decision after the review, trading in the company's shares may be suspended in accordance with Rule 9.04 (3) of the GEM listing rules.
In accordance with Rule 9.14A (1) of the GEM listing rules, if the Stock Exchange determines that the company has failed to comply with Rule 17.26 of the GEM listing rules, the company will have a 12-month remedial period to take appropriate action to prove that it has re-complied with Rule 17.26 of the GEM listing rules, otherwise the Stock Exchange may delist the company.