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Superactive Group Clarifies Trading Status and Moves to Restore Compliance After Representative’s Resignation

Story Highlights
  • Superactive Group corrected an earlier filing, confirming its Hong Kong-listed shares remain suspended rather than ceased.
  • After its authorised representative resigned, the company fell below Listing Rule requirements and will seek a replacement while trading stays suspended.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Superactive Group Clarifies Trading Status and Moves to Restore Compliance After Representative’s Resignation

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Superactive Group Company Limited ( (HK:0176) ) has shared an announcement.

Superactive Group Company Limited has issued a clarification that its earlier supplemental announcement incorrectly described the trading status of its shares as “ceased” when it should have been “suspended,” confirming that the company’s shares remain suspended from trading on the Main Board of the Hong Kong Stock Exchange. The company also disclosed that, following the resignation of its authorised representative under Rule 3.05 of the Listing Rules, it currently falls below the required number of authorised representatives and will seek to appoint a suitable replacement to restore compliance, while trading in its shares remains halted pending fulfilment of resumption guidance and regulatory approval, prompting investors to exercise caution.

More about Superactive Group Company Limited

Superactive Group Company Limited is a Bermuda-incorporated company listed on the Main Board of the Stock Exchange of Hong Kong. The announcement does not specify its industry, products or services, but it operates as a Hong Kong-listed issuer subject to the Listing Rules and related corporate governance and compliance requirements.

Technical Sentiment Signal: Sell

Current Market Cap: HK$26.42M

Learn more about 0176 stock on TipRanks’ Stock Analysis page.

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