Core Viewpoint - The company, Hejia Holdings (00704), is facing delisting due to its inability to maintain sufficient operational scale and asset value to support its operations, as determined by the listing committee [1] Group 1: Listing Committee Decision - The listing committee has decided to uphold the delisting decision based on the company's failure to meet the requirements of listing rule 13.24, leading to the suspension of trading of the company's shares [1] - The company has not been able to resume its core coking production business since October 2021 and has repeatedly failed to implement its recovery plans [1] - The latest recovery plan for coking production is still in preliminary stages and depends on obtaining further financing [1] Group 2: Financial Performance - Over the past two years, the company has only engaged in coking trading, generating minimal revenue and incurring net losses [1] - The listing committee does not consider the company's financial performance deterioration to be a temporary decline [1] - The company has failed to demonstrate to the listing committee that its business is substantial, viable, and sustainable [1] Group 3: Review Process - According to Chapter 2B of the Listing Rules, the company has the right to request a review of the listing committee's decision [2] - Any review application must be submitted within seven business days from the date of the listing committee's decision, which is by December 18, 2025 [2] - The company is currently evaluating the listing committee's decision and is conducting internal and external discussions to decide whether to appeal to the review committee [2]
和嘉控股(00704)收到由联交所上市委员会发出的信件