Founding Group Holdings (01609) issued an announcement. The company received a letter from the Stock Exchange dated November 24, 2023, stating that the Stock Exchange Listing Committee had decided to withdraw the company's listing status in accordance with section 6.01A of the listing rules because the company failed to comply with the resumption guidelines.
According to Chapter 2B of the listing rules, the company has the right to submit the decision to the Stock Exchange Listing Review Committee for review within seven business days from the date the decision is issued. If the company decides not to apply for a review, the final listing date of the company's shares will be December 8, 2023, and the listing status of its shares will be withdrawn from 9:00 a.m. on December 11, 2023.
On December 4, 2023, the Company submitted an application in accordance with Chapter 2B of the Listing Rules and requested the Listing Review Committee to review the decision.
Trading of the company's shares continues to be suspended.