XIWANG PROPERTY (02088) received resumption guidance from the Stock Exchange.
West Kowloon Property (02088) announced that on May 21, 2025, the company received a letter from the Hong Kong Stock Exchange...
XIYANG PROPERTY (02088) announced that on May 21, 2025, the company received a letter from the Stock Exchange, outlining the following guidelines for the resumption of trading of the company's shares:
(a) Publish all unpublished financial performance as required by the listing rules and address any audit revisions;
(b) Conduct a proper independent forensic investigation on relevant pledge matters, assess their impact on the company's business operations and financial condition, disclose the investigation results, and take appropriate remedial measures;
(c) Demonstrate the integrity, capability, and conduct of any person with significant influence on the group management and/or the company's management and operation, without any reasonable regulatory concerns that may pose risks to investors and damage market confidence;
(d) Conduct an independent internal control review and demonstrate that the company has established adequate internal control systems and procedures to comply with the listing rules;
(e) Demonstrate that the company complies with the requirements of Listing Rule 13.24;
(f) Re-comply with the requirements of Listing Rule 3.28;
(g) Disclose all important information to the market for the assessment of the company's shareholders and investors.
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