24 Mar 2016 18:20
AUHUA CLEAN ENERGY PLC
("Auhua" or the "Company")
Cancellation of admission to trading on AIM
24 March 2016 : Auhua Clean Energy (AIM: ACE) previously announced the resignation of the Company's nominated adviser and the subsequent suspension of the Company's shares on AIM on 29 February 2016.
The Board would like to announce that despite its efforts, the Company will not be able to appoint a replacement nominated adviser within one month of suspension. The main reason cited by several potential nominated advisers for their reluctance is the general market attitude towards Chinese listed companies on AIM.
As such, the admission of the Company's shares to trading on AIM will be cancelled with effect from 7.00am 30 March 2016.
The Company will continue to update Shareholders on its website www.auhuacleanenergy.com.
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Further information
Auhua Clean Energy plc | Raphael Tham Non-executive Chairman | raphael@auhuacleanenergy.com |
About Auhua:
Auhua Clean Energy (www.auhuacleanenergy.com) is an environmental technology group based in the Shandong Province of Eastern China specialising in the development and application of green energy and energy efficient solar thermal solutions. In particular, the Group is focused on the manufacture and sale of split-unit solar water heating systems.