RE: Getting ready to jump up ......3 Sep 2019 12:20
They have already applied look at the rns
A listing application of the Company, including an application proof of the prospectus (the "Application Proof") of the Company, has been submitted to the HKEx on 21 June 2019. The Application Proof is available for download from both the investor section of the Company's website at www.chinanewenergy.co.uk or the New Listings > Application Proof, PHIP and Related Materials section of HKEx's website at www.hkexnews.hk.
On 4 February 2019, the Company announced it had concluded that a listing on a stock market in Asia may achieve a greater valuation of the Company and provide it with better access to capital. Further, the Company advised that it was considering whether it may be beneficial, conditional upon and simultaneous with admission to a stock market in Asia, to seek consent to withdraw its securities from trading on AIM ("Withdrawal").
The Company has concluded that HKEx would be the most appropriate Asian stock market for the Company to seek for a listing. As a result of the anticipated valuation on the shares of the Company after listing on HKEx being greater than that currently experienced on AIM, the Board has concluded that Withdrawal will be beneficial for shareholders. Accordingly, the Company intends, in due course, to convene a general meeting to, inter alia, seek shareholder consent for Withdrawal conditional upon and simultaneous with admission to HKEx.
The Board continues to stress that it is committed to remaining public and for its shares to be traded on an internationally recognised stock exchange. For the avoidance of doubt, should for whatever reason the admission to the HKEx not proceed, then the Company's shares are expected to continue trading on AIM.
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