Core Viewpoint - The company, Universal Friend Drink Intelligent (08496), is facing potential delisting from the GEM due to its recent acquisition and sale transactions, which are deemed as a reverse takeover under GEM listing rules [1] Group 1: Acquisition and Sale Transactions - The company received a letter from the Stock Exchange on September 5, 2025, indicating that its acquisition of smart beverage vending machines and the sale of two Chinese restaurants opened in the 2022 fiscal year constitute a series of transactions [1] - These transactions are part of an attempt to list the vending machine business while circumventing new listing regulations under Chapter 11 of the GEM listing rules [1] - As a result, the acquisition and sale are considered a single transaction and will be treated as a reverse takeover under GEM listing rule 19.06B [1] Group 2: Listing Status and Compliance - Following the completion of the acquisition and sale, the company is viewed as a new listing applicant and must comply with all new listing requirements under Chapter 11 of the GEM listing rules to be considered suitable for continued listing [1] - The Stock Exchange has determined that, without completing the new listing procedures and adhering to relevant regulations, the company is no longer suitable for listing [1] - Consequently, trading of the company's shares will be suspended on September 17, 2025, unless the company applies for a review of this decision under GEM listing rule 4 [1][2] Group 3: Potential Delisting - The company must fulfill any resumption guidance that the Stock Exchange may establish and fully comply with the GEM listing rules to regain confidence from the Stock Exchange [2] - According to GEM listing rule 9.14A(1), if shares are suspended for 12 consecutive months, the Stock Exchange may revoke the listing status of the shares [2]
环球友饮智能(08496)被联交所认定规避新上市规定 股份将于9月17日停牌