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For anyone worried they could just transfer to a broker like AJ Bell anyway then its super easy when they transfer over.
Basically no action required unless I want to sell them after the transfer to the HKEX then I’ll need to transfer them to another broker that trades on that exchange. Looks very straight forward and definitely no panic as I intend to stay long and see a massive upside return.
CHINA NEW ENERGY LTD - Important Information
Proposed Cancellation of Listing on the Alternative Investment Market (AIM) and application to list on the Hong Kong Stock Exchange (HKSE).
Important Information & Other Key Dates:
On 2nd October 2019, China New Energy Ltd (CNE) announced proposals to cancel the listing and trading of its shares from AIM and apply for admission to trading on the Main Market of the HKSE. The Board of CNE believe that listing on HKSE may achieve a greater valuation of the Company and provide CNE with better access to capital.
The Cancellation of admission to trading on AIM and subsequent admission to trading on the HKSE is subject to shareholder approval at the Extraordinary General Meeting of the Company to be held on 23rd October 2019.
Subject to acquiring the necessary approval, it is not yet known when the Cancellation on AIM and listing on HKSE will become effective.
You should be aware that if you have not sold or otherwise transferred your shares prior to the Cancellation, you will not be able to sell or otherwise deal in CNE shares on AIM after that time.
Please note that should the Cancellation become effective, all trading in CNE shares will be concentrated on the HKSE. Unfortunately we will not be able to facilitate trading in CNE on the HKSE via our Sharedealing facility. We will however continue to hold your CNE shares following the Cancellation.
If you wish to continue trading in CNE shares after the Cancellation you will need to establish an arrangement with an alternative broker. Should you wish to do this please contact the receiving broker who will arrange the transfer with us.
Should you wish to withdraw your shares from our nominee service please contact our call centre so that we can arrange for this to be done.
If the Cancellation becomes effective, the delisted CNE shares will no longer qualify to be held within an ISA product. Should you hold these shares within an ISA, we will transfer your CNE shares to your Share Dealing account after fourteen calendar days of the Cancellation becoming effective. If you do not have a Share Dealing Account, we will arrange to open one for you.
Should you retain your holding of CNE shares, we will notify you on receipt of any further information from the Company.
Should you wish to find more information about the Cancellation of Listing, please visit the CNE website, www.chinanewenergy.co.uk