LONDON (Alliance News) - Chinese property fit-out company Jiasen International Holdings Ltd on Monday said it has not yet applied for its shares to be admitted to the NEX Exchange Growth Market.
Jiasen said a week ago it would abandon its listing on the London Stock Exchange's AIM market in favour of a listing on the NEX Exchange Growth Market.
Jiasen said it has to make an application to NEX by Tuesday in order to qualify for admission via fast-track process.
The group said that in the event the resolution to cancel its AIM listing is passed by shareholders at its annual general meeting on Wednesday, and admission to NEX has not occurred, shareholders will not be able to buy or sell shares via a public stock market, meaning liquidity will be "extremely limited".
The group said there is no certainty its application for NEX will be successful, nor whether the application will be made.
Shares in Jiasen were down 29% to 1.87 pence on Monday.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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