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Jingrui Holdings Ltd. ( (HK:1862) ) just unveiled an announcement.
Jingrui Holdings Limited, which is in liquidation and suspended from trading on the Hong Kong Stock Exchange, has received formal resumption guidance from the bourse setting out the conditions it must meet before its shares can resume trading. The exchange requires the company to have the winding-up order withdrawn or dismissed and its liquidators discharged, demonstrate compliance with minimum operations and financial requirements, reconstitute its board and committees to meet governance rules, and keep the market fully informed of all material developments. The Stock Exchange has warned that if Jingrui fails to remedy the issues, satisfy the resumption conditions, and resume trading by 15 July 2027, it will move to cancel the company’s listing, and it also reserves the right to impose a shorter remedial period or to delist the company sooner. Jingrui must also comply with all relevant laws and regulations before any resumption and has committed to issuing quarterly updates until either trading resumes or its listing is cancelled, while its shares will remain suspended until further notice and investors are urged to exercise caution.
The most recent analyst rating on (HK:1862) stock is a Sell with a HK$0.02 price target. To see the full list of analyst forecasts on Jingrui Holdings Ltd. stock, see the HK:1862 Stock Forecast page.
More about Jingrui Holdings Ltd.
Jingrui Holdings Limited is a Cayman Islands-incorporated company listed in Hong Kong and currently in liquidation. The group operates in the property sector and is subject to the Hong Kong Listing Rules and securities regulations governing listed issuers on the Stock Exchange of Hong Kong, with its shares currently suspended from trading.
YTD Price Performance: 14.29%
Average Trading Volume: 16,919,979
Technical Sentiment Signal: Sell
Current Market Cap: HK$24.62M
For an in-depth examination of 1862 stock, go to TipRanks’ Overview page.