Hong Kong-focused Forex broker CLSA Premium Ltd (HKG:6877), formerly known as KVB Kunlun, today confirmed that trading in its shares listed on the Hong Kong Stock Exchange is suspended.
The Listing Committee was of the view that the company failed to maintain a sufficient level of operations and assets of sufficient value to support its operations as required under Rule 13.24 of the Listing Rules.
After seeking professional advice and careful consideration of the relevant factors pertaining the prospect of success for a review of the LC Decision, the Board of CLSA Premium informed the shareholders and potential investors of the company that the company decided not to exercise its rights to review of the LC Decision under Chapter 2B of the Listing…
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