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23.5¢ cudeco limited

Suspension, page-425

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hottuna

3,053 Posts.

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18/08/15

10:33

Post #: 15824569
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Originally posted by malgmac ↑

I would doubt that Haitong is the sponsor ad the HK listing rules say the sponsor has to be independent and having shares in CDU would preclude them from acting as sponsor.

The way I read the sponsor , it is a firm that assists with making sure the application meets all the HK listing and compliance laws and the sponsor steps and guides the applicant company.

To me it the sponsor would be more likely a law or accountancy firm.

But I do wonder how much if any was spent on the HK listing folly when CDU had no money

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I reckon CDU would fit in just fine in honkers!

http://ftalphaville.ft.com/2015/08/17/2137481/doubling-your-frozen-capital-hong-kong-style/

The Hong Kong Stock Exchange is not alone in allowing stock suspensions, but it is unusual in letting them drag on. One company on its prolonged suspension list, which starts after 3 months of not trading, hasn’t traded since 2009. Others, such as the SCMP Group , haven’t traded in two-plus years even though all the Hong Kong newspaper publisher needs to resolve is a too-low free float.

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CDU Price at posting: $1.11 Sentiment: Sell Disclosure: Held
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