Core Viewpoint - The company, Hejia Holdings (00704), has received a notice from the Stock Exchange indicating that it has failed to maintain sufficient operational levels as required by Listing Rule 13.24, leading to the suspension of its shares trading [1][2] Group 1: Operational Status - The company's core operation, coking production, has been suspended since October 2021, and it has repeatedly failed to implement its recovery plans for this business [1] - Over the past two years, the company has only engaged in coking trading, generating minimal revenue [1] - The company's plans to restore coking production are preliminary and uncertain [1] Group 2: Financial Position - As of March 31, 2025, the company reported a net current liability of HKD 444.5 million and maintained only HKD 1.7 million in cash [2] - The total assets reported by the company amount to HKD 1.8109 billion, which includes idle coking ovens valued at HKD 1.6654 billion [2] - There is no clear path for the company to generate income from these assets or to restore coking production [2] - On August 2, 2024, a creditor submitted a claim against the company for overdue debts and interest totaling HKD 280.9 million [2] - The company's auditors have expressed an inability to provide an opinion on the company's ability to continue as a going concern since the 2020 fiscal year [2]
和嘉控股(00704)面临停牌 联交所认定公司未能维持足够营运水平