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Welife Technology Limited ( (HK:1703) ) has issued an announcement.
Welife Technology Limited has received a decision from the Stock Exchange to cancel its listing due to insufficient operations and asset value, following a significant reduction in its restaurant operations. The company plans to rely on its newly opened Cha Chaan Tengs to demonstrate compliance with listing requirements, but the Listing Committee has determined these efforts are inadequate.
More about Welife Technology Limited
Welife Technology Limited, incorporated in the Cayman Islands, operates in the restaurant industry, focusing on Chinese cuisine. The company has faced challenges in maintaining its operations, with a significant reduction in its restaurant count, currently operating only one Chinese restaurant and two Cha Chaan Tengs.
Technical Sentiment Signal: Sell
Current Market Cap: HK$55.2M
See more insights into 1703 stock on TipRanks’ Stock Analysis page.