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Ruixin International Holdings Ltd. ( (HK:0724) ) just unveiled an announcement.
Ruixin International Holdings Ltd. has disclosed that the Hong Kong Stock Exchange’s Listing Committee has decided to cancel the company’s listing under Rule 6.01A(1), following a prolonged suspension of trading that began on 2 September 2024. The suspension remains in place until the group satisfies specified resumption guidance, leaving shareholders without an active market for the stock.
The company has exercised its right to challenge the delisting move, submitting a request on 31 March 2026 for the decision to be reviewed by the Listing Review Committee under Chapter 2B of the Listing Rules. Directors cautioned that the review outcome is uncertain and urged investors to act prudently, underscoring the heightened regulatory risk and potential implications for shareholder value and market confidence.
More about Ruixin International Holdings Ltd.
Ruixin International Holdings Ltd., incorporated in Bermuda and listed in Hong Kong under stock code 724, operates through a group structure referred to as the Ruixin International Holdings Limited Group. The company is overseen by a board comprising executive and independent non-executive directors, with Li Yang serving as chairlady, and its shares trade on the Hong Kong Stock Exchange when not suspended.
Technical Sentiment Signal: Sell
Current Market Cap: HK$8.82M
For detailed information about 0724 stock, go to TipRanks’ Stock Analysis page.