The listing committee of the Hong Kong Stock Exchange (HKEx) has approved Centurion Corporation’s proposed delisting on July 13.
The approval of the listing committee is one of the three conditions for Centurion’s delisting from the exchange to go ahead. Centurion will also have to seek the approval of its shareholders at an extraordinary general meeting (EGM). In addition, it will have to give its shareholders at least three months’ notice of the de-listing beginning from the date of their approval.
Centurion had, on June 5, submitted an application to delist its shares on the Main Board of the HKEx. Following the delisting, Centurion will retain the primary listing of its shares on the Singapore Exchange Securities Trading Limited (SGX-ST).
Shares in Centurion closed 3 cents higher or 7.5% up at 43 cents on July 17.
