Lung Kee (Bermuda) Holdings has announced that its shares will be delisted from the Singapore Exchange S68 Securities Trading Limited (SGX-ST) with effect from 9.00am on Feb 5.
On Sept 22 last year, the company announced it was seeking to delist from the Mainboard of the SGX-ST citing a “generally thin” trading volume of its shares on the exchange.
It received no objection from the SGX-ST to its proposed delisting on Oct 20, 2023.
The company has a secondary listing on the SGX and a primary listing on the Stock Exchange of Hong Kong (SEHK).
Shares held with the SGX Central Depository as at Feb 5 will be withdrawn and the names of the remaining depositors will be entered into the Hong Kong Share Register after the delisting.
Physical share certificates representing the relevant shares will be dispatched by ordinary mail to the remaining depositors based on their addresses recorded in the Central Depository’s register.
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Lung Kee will bear the costs of the transfer of the shares belonging to the remaining depositors to the Hong Kong Share Register. However, the remaining depositors will have to make their own arrangements to deposit their shares with CCASS for credit to their investor participant stock account under CCASS or a stock account of a relevant broker if they wish to sell or trade their shares on the SEHK.
Shares in Lung Kee closed unchanged at 21 cents on Jan 31.
